Northwestern Mutual Wealth Management Co. Buys Shares of 6,745 Cboe Global Markets, Inc. $CBOE

Northwestern Mutual Wealth Management Co. bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,745 shares of the company’s stock, valued at approximately $1,637,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Brighton Jones LLC lifted its stake in Cboe Global Markets by 10.1% in the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after buying an additional 100 shares in the last quarter. Jones Financial Companies Lllp increased its position in Cboe Global Markets by 1,854.4% during the first quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after buying an additional 3,987 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Cboe Global Markets by 132.4% in the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after acquiring an additional 2,736 shares during the last quarter. Woodline Partners LP raised its holdings in shares of Cboe Global Markets by 40.7% in the first quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after acquiring an additional 2,558 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Cboe Global Markets by 138.5% in the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after acquiring an additional 198 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In other news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the transaction, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CBOE shares. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. UBS Group boosted their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Loop Capital set a $380.00 target price on shares of Cboe Global Markets in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Finally, Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. 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. Based on data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $315.30.

Cboe Global Markets Price Performance

CBOE stock opened at $308.82 on Wednesday. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The stock’s fifty day simple moving average is $275.73 and its 200-day simple moving average is $293.41. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $32.75 billion, a price-to-earnings ratio of 159.19 and a beta of 0.61.

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

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. 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. Cboe Global Markets’s dividend payout ratio is 98.97%.

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.