National Pension Service Buys 9,022 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• The National Pension Service increased its holdings in Cboe Global Markets by 5.9%, owning 161,475 shares worth approximately $36.54 million after acquiring an additional 9,022 shares in the 1st quarter.
• Insider activity includes Catherine R. Clay, EVP, selling 3,598 shares for over $815,000, reducing her ownership by 62.24%.
• Cboe Global Markets announced a quarterly dividend of $0.72, up from $0.63, which equates to an annualized yield of 1.2%.

National Pension Service boosted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 5.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 161,475 shares of the company's stock after buying an additional 9,022 shares during the quarter. National Pension Service owned 0.15% of Cboe Global Markets worth $36,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CBOE. OneDigital Investment Advisors LLC acquired a new stake in Cboe Global Markets in the 1st quarter valued at $265,000. Capital Investment Advisory Services LLC purchased a new position in shares of Cboe Global Markets during the 1st quarter worth $277,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Cboe Global Markets by 31.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock valued at $6,689,000 after buying an additional 7,146 shares during the period. GAM Holding AG purchased a new stake in Cboe Global Markets in the 1st quarter valued at about $1,541,000. Finally, Teacher Retirement System of Texas purchased a new stake in Cboe Global Markets in the 1st quarter valued at about $3,463,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

NASDAQ CBOE traded down $1.46 during trading on Thursday, reaching $250.47. 120,758 shares of the company's stock were exchanged, compared to its average volume of 872,519. The business has a 50 day moving average price of $237.89 and a 200-day moving average price of $224.33. The stock has a market capitalization of $26.20 billion, a P/E ratio of 34.69, a PEG ratio of 1.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. 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 earnings results on Friday, August 1st. The company reported $2.46 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 prior year, the business earned $2.15 EPS. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date is Friday, August 29th. Cboe Global Markets's dividend payout ratio is presently 33.76%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CBOE. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research report on Monday, August 4th. Citigroup upped their price target on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. UBS Group reaffirmed a "neutral" rating and issued a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the company an "underweight" rating in a report on Tuesday, July 15th. Finally, Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Cboe Global Markets currently has an average rating of "Reduce" and an average target price of $231.38.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the business's 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 completion of the sale, the executive vice president directly owned 2,183 shares in the company, valued at approximately $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.22% of the company's stock.

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.