Railway Pension Investments Ltd Boosts Stock Holdings in Cboe Global Markets, Inc. $CBOE

Railway Pension Investments Ltd lifted its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 48.7% during the 2nd quarter, HoldingsChannel reports. The firm owned 56,200 shares of the company’s stock after acquiring an additional 18,400 shares during the period. Railway Pension Investments Ltd’s holdings in Cboe Global Markets were worth $13,638,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CBOE. Jones Financial Companies Lllp purchased a new position in shares of Cboe Global Markets during the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. acquired a new position in Cboe Global Markets in the 2nd quarter worth about $26,000. University of Texas Texas AM Investment Management Co. purchased a new position in Cboe Global Markets in the 4th quarter worth approximately $26,000. Clearstead Trust LLC acquired a new position in shares of Cboe Global Markets during the second quarter worth $27,000. Finally, NFSG Corp acquired a new stake in Cboe Global Markets in the first quarter valued at about $31,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Janet P. Froetscher sold 937 shares of the 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 transaction, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on CBOE. Keefe, Bruyette & Woods increased their target price on shares of 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. Morgan Stanley reissued an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research note on Friday, July 10th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Barclays lifted their price objective on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Finally, Loop Capital set a $380.00 target price on Cboe Global Markets in a report on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $315.30.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $300.20 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The stock has a market capitalization of $31.84 billion, a PE ratio of 154.74 and a beta of 0.61. The business has a fifty day moving average price of $280.29 and a two-hundred day moving average price of $294.35.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. During the same period in the previous year, the business earned $2.46 EPS. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.86 dividend. The ex-dividend date of this dividend is Monday, August 31st. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a dividend 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.