Deutsche Bank AG Purchases 70,309 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Deutsche Bank AG increased its stake in Cboe Global Markets by 11.6%, acquiring 70,309 shares, which brought its total ownership to 678,851 shares valued at approximately $153.6 million.
• Institutional investors hold a significant majority, with 82.67% of Cboe's stock owned by such entities, indicating robust confidence in the company.
• Recent research ratings for Cboe stock show a consensus rating of "Hold" and an average target price of $231.38 among analysts following the stock.

Deutsche Bank AG increased its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 11.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 678,851 shares of the company's stock after purchasing an additional 70,309 shares during the period. Deutsche Bank AG owned approximately 0.65% of Cboe Global Markets worth $153,617,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CBOE. GAMMA Investing LLC increased its position in shares of Cboe Global Markets by 29,094.5% in the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after purchasing an additional 1,212,368 shares during the period. Perpetual Ltd bought a new position in shares of Cboe Global Markets in the first quarter worth $66,981,000. First Trust Advisors LP increased its position in shares of Cboe Global Markets by 756.0% in the fourth quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock worth $58,317,000 after purchasing an additional 263,585 shares during the period. Balyasny Asset Management L.P. increased its position in shares of Cboe Global Markets by 108.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company's stock worth $3,498,000 after purchasing an additional 234,199 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of Cboe Global Markets by 3.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock worth $784,566,000 after purchasing an additional 126,721 shares during the period. Institutional investors own 82.67% of the company's stock.

Insider Activity at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the transaction, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Cboe Global Markets Trading Down 0.7%

Shares of Cboe Global Markets stock traded down $1.72 during midday trading on Wednesday, reaching $246.80. The company had a trading volume of 238,480 shares, compared to its average volume of 873,003. The stock has a fifty day moving average price of $234.93 and a 200 day moving average price of $222.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm has a market cap of $25.81 billion, a PE ratio of 34.18, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on CBOE. Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the company an "outperform" rating in a research note on Monday, August 4th. Barclays raised their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Loop Capital set a $227.00 price objective on Cboe Global Markets in a research note on Monday, May 5th. Keefe, Bruyette & Woods raised their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Finally, Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $231.38.

Cboe Global Markets Company Profile

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.