Osmosis Investment Management UK Ltd Takes $1.03 Million Position in Cboe Global Markets, Inc. $CBOE

Osmosis Investment Management UK Ltd acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 4,236 shares of the company’s stock, valued at approximately $1,028,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CBOE. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cboe Global Markets during the second quarter valued at approximately $41,165,000. Pinnacle Holdings LLC acquired a new position in Cboe Global Markets in the second quarter worth approximately $52,000. Bank of Nova Scotia acquired a new position in Cboe Global Markets in the second quarter worth approximately $2,930,000. Kendall Capital Management bought a new position in shares of Cboe Global Markets in the second quarter valued at $2,148,000. Finally, Elevation Point Wealth Partners LLC bought a new position in shares of Cboe Global Markets in the second quarter valued at $305,000. 81.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBOE has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Keefe, Bruyette & Woods boosted their target price on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Piper Sandler decreased their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Finally, UBS Group lifted their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $315.30.

Insider Transactions at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 937 shares of Cboe Global Markets stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Up 2.4%

Cboe Global Markets stock opened at $308.09 on Tuesday. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $32.68 billion, a PE ratio of 158.81 and a beta of 0.61. The firm’s 50 day moving average price is $274.86 and its two-hundred day moving average price is $293.14.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. During the same quarter last year, the business posted $2.46 EPS. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. On average, research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.