Cboe Global Markets, Inc. $CBOE Shares Acquired by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. lifted its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,759 shares of the company’s stock after purchasing an additional 1,636 shares during the quarter. Rakuten Investment Management Inc.’s holdings in Cboe Global Markets were worth $4,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Emerald Investment Advisers LLC bought a new stake in shares of Cboe Global Markets in the second quarter worth approximately $3,686,000. Danske Bank A S purchased a new position in shares of Cboe Global Markets during the second quarter valued at approximately $658,000. Quantitative Investment Management LLC bought a new position in Cboe Global Markets during the second quarter valued at approximately $1,636,000. Bleakley Financial Group LLC bought a new position in Cboe Global Markets during the first quarter valued at approximately $3,831,000. Finally, Integrated Wealth Concepts LLC boosted its holdings in Cboe Global Markets by 316.8% in the second quarter. Integrated Wealth Concepts LLC now owns 8,681 shares of the company’s stock worth $2,107,000 after purchasing an additional 6,598 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock traded up $0.20 during trading hours on Friday, reaching $353.27. The company’s stock had a trading volume of 1,014,794 shares, compared to its average volume of 1,141,226. The firm has a 50 day moving average price of $298.63 and a 200-day moving average price of $293.83. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $37.47 billion, a P/E ratio of 182.10 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 released its quarterly earnings results on Friday, October 30th. The company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.43 by $0.20. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $712.20 million during the quarter, compared to analyst estimates of $705.22 million. During the same quarter last year, the business posted $2.67 earnings per share. The firm’s revenue was up 17.6% on a year-over-year basis. On average, analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has initiated a share buyback plan on Thursday, October 22nd that authorizes the company to repurchase $550 million in shares. This buyback authorization authorizes the company to repurchase up to 1.6% of its shares through open market purchases. Share buyback plans are often a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

CBOE has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Cboe Global Markets from $288.00 to $332.00 and gave the stock an “underweight” rating in a report on Wednesday, October 28th. Morgan Stanley reaffirmed an “overweight” rating and issued a $450.00 target price on shares of Cboe Global Markets in a report on Friday, October 23rd. Loop Capital set a $332.00 target price on Cboe Global Markets in a research report on Wednesday, October 28th. The Goldman Sachs Group downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $363.00.

Insider Activity

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

About Cboe Global Markets

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.