Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Key Points

• Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Cboe Global Markets by 4.4%, owning 45,407 shares valued at approximately $10.26 million after the purchase.
• Cboe Global Markets reported $2.50 earnings per share (EPS) for the latest quarter, exceeding analyst forecasts, and experienced a 12.6% revenue increase year-over-year.
• The company's recent quarterly dividend of $0.63 per share corresponds to a 1.04% yield, while its payout ratio stands at 33.03%.

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,407 shares of the company's stock after purchasing an additional 1,893 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Cboe Global Markets were worth $10,257,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CBOE. GAMMA Investing LLC raised its holdings in Cboe Global Markets by 29,094.5% in the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after acquiring an additional 1,212,368 shares during the last quarter. Perpetual Ltd acquired a new position in Cboe Global Markets in the 1st quarter valued at $66,981,000. First Trust Advisors LP raised its holdings in Cboe Global Markets by 756.0% in the 4th quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock valued at $58,317,000 after acquiring an additional 263,585 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in shares of Cboe Global Markets by 108.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company's stock worth $3,498,000 after buying an additional 234,199 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Cboe Global Markets by 270.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company's stock worth $58,559,000 after buying an additional 218,865 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 2.8%

Cboe Global Markets stock traded up $6.75 during trading on Friday, reaching $247.79. 1,327,699 shares of the company's stock were exchanged, compared to its average volume of 877,771. The company's 50-day moving average is $231.96 and its two-hundred day moving average is $219.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 52-week low of $186.10 and a 52-week high of $249.63. The firm has a market cap of $25.95 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 earnings per share. On average, analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 30th. Cboe Global Markets's dividend payout ratio is presently 33.03%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CBOE. Barclays dropped their price objective on Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Cowen restated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. UBS Group upped their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Oppenheimer upped their price objective on Cboe Global Markets from $249.00 to $253.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, Bank of America restated a "neutral" rating and set a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets has an average rating of "Hold" and an average target price of $222.58.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the transaction, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. This represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by insiders.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.