Mitsubishi UFJ Asset Management Co. Ltd. Has $43.59 Million Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Cboe Global Markets by 19.3%, owning 192,614 shares valued at approximately $43.59 million.
• Cboe Global Markets reported earnings of $2.46 per share for the last quarter, exceeding estimates and showing a 14.3% increase in revenue compared to the previous year.
• Institutional investors own approximately 82.67% of Cboe Global Markets' stock, indicating strong institutional interest in the company.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 19.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 192,614 shares of the company's stock after buying an additional 31,103 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of Cboe Global Markets worth $43,587,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Deutsche Bank AG raised its stake in Cboe Global Markets by 11.6% during the first quarter. Deutsche Bank AG now owns 678,851 shares of the company's stock worth $153,617,000 after acquiring an additional 70,309 shares in the last quarter. ASR Vermogensbeheer N.V. acquired a new stake in shares of Cboe Global Markets in the 1st quarter valued at $4,624,000. Exencial Wealth Advisors LLC grew its holdings in shares of Cboe Global Markets by 6.3% in the 1st quarter. Exencial Wealth Advisors LLC now owns 4,857 shares of the company's stock worth $1,099,000 after purchasing an additional 287 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its position in shares of Cboe Global Markets by 102.6% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 393 shares of the company's stock worth $89,000 after purchasing an additional 199 shares in the last quarter. Finally, Horizon Family Wealth Inc. increased its position in shares of Cboe Global Markets by 14.4% during the 1st quarter. Horizon Family Wealth Inc. now owns 2,981 shares of the company's stock worth $675,000 after purchasing an additional 376 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 1.2%

NASDAQ CBOE opened at $252.58 on Friday. The stock has a market capitalization of $26.42 billion, a P/E ratio of 34.98, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week high of $252.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The stock has a fifty day moving average of $234.06 and a 200-day moving average of $222.01.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on CBOE shares. Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. Piper Sandler increased their price target on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Cowen restated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Three 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $231.38.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were 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 in the company, valued at $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by company insiders.

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.

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