Saudi Central Bank Buys 3,469 Shares of Cboe Global Markets, Inc. $CBOE

Saudi Central Bank lifted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 89.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,332 shares of the company’s stock after acquiring an additional 3,469 shares during the period. Saudi Central Bank’s holdings in Cboe Global Markets were worth $1,779,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Emerald Investment Advisers LLC purchased a new position in Cboe Global Markets in the second quarter worth $3,686,000. Danske Bank A S purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $658,000. Pacer Advisors Inc. boosted its position in shares of Cboe Global Markets by 36.6% in the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after purchasing an additional 3,119 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Cboe Global Markets in the 1st quarter worth $3,831,000. Finally, Fideuram Asset Management Ireland dac purchased a new position in Cboe Global Markets during the 4th quarter worth $995,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on CBOE shares. 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 note on Wednesday, July 15th. Barclays boosted their price target on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. JPMorgan Chase & Co. increased their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Finally, Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Three 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $315.30.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $293.33 on Wednesday. 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 stock has a 50-day moving average of $286.73 and a two-hundred day moving average of $295.27. The stock has a market cap of $31.11 billion, a P/E ratio of 151.20 and a beta of 0.61. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18.

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

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a $0.86 dividend. This is an increase 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 1.2%. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s payout ratio is currently 98.97%.

Insiders Place Their Bets

In related news, Director Janet Froetscher sold 937 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the transaction, the director owned 12,870 shares in the company, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets 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.