Cboe Global Markets, Inc. (BATS:CBOE) Shares Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 0.3% during the third quarter, HoldingsChannel.com reports. The firm owned 288,850 shares of the company’s stock after buying an additional 957 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Cboe Global Markets were worth $59,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CBOE. ORG Partners LLC bought a new stake in shares of Cboe Global Markets in the second quarter worth $30,000. Friedenthal Financial acquired a new position in Cboe Global Markets during the 3rd quarter worth $49,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $51,000. GPS Wealth Strategies Group LLC raised its stake in shares of Cboe Global Markets by 59.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after purchasing an additional 123 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in shares of Cboe Global Markets during the third quarter worth about $74,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The trade was a 13.08 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The trade was a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,696 shares of company stock valued at $1,591,160 in the last 90 days. 0.51% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CBOE. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price objective for the company from $212.00 to $222.00 in a report on Monday. Barclays reduced their price objective on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. TD Cowen assumed coverage on shares of Cboe Global Markets in a report on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price on the stock. Finally, Piper Sandler upped their target price on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average price target of $209.42.

Cboe Global Markets Price Performance

BATS CBOE opened at $198.56 on Friday. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00. The stock has a 50-day simple moving average of $208.26 and a 200 day simple moving average of $192.77. The stock has a market capitalization of $21.06 billion, a PE ratio of 102.35 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. The company had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company earned $2.06 EPS. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets announced that its Board of Directors has approved a stock repurchase program on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 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.