Resona Asset Management Co. Ltd. Boosts Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Resona Asset Management Co. Ltd. increased its position in Cboe Global Markets by 3.5%, owning 53,170 shares valued at $12 million after purchasing an additional 1,788 shares.
• Cboe Global Markets reported earnings of $2.46 per share, exceeding analysts' estimates and showing a 14.3% increase in revenue year-over-year.
• The stock price of Cboe Global Markets has recently seen a 1.2% decline and currently has a market capitalization of approximately $25.67 billion.

Resona Asset Management Co. Ltd. lifted its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 3.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,170 shares of the company's stock after acquiring an additional 1,788 shares during the period. Resona Asset Management Co. Ltd. owned approximately 0.05% of Cboe Global Markets worth $12,012,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new position in shares of Cboe Global Markets in the first quarter valued at about $265,000. Capital Investment Advisory Services LLC bought a new stake in Cboe Global Markets during the first quarter worth about $277,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in Cboe Global Markets by 31.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock worth $6,689,000 after purchasing an additional 7,146 shares during the period. GAM Holding AG bought a new stake in Cboe Global Markets during the first quarter worth about $1,541,000. Finally, Teacher Retirement System of Texas bought a new stake in Cboe Global Markets during the first quarter worth about $3,463,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CBOE. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. Piper Sandler upped their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. UBS Group reissued a "neutral" rating and set a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Citigroup increased their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of 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. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $231.38.

Cboe Global Markets Stock Up 1.6%

CBOE traded up $3.92 during mid-day trading on Friday, reaching $247.63. 740,424 shares of the stock were exchanged, compared to its average volume of 874,303. 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 market capitalization of $25.90 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The company has a 50 day moving average price of $236.28 and a two-hundred day moving average price of $223.57. Cboe Global Markets, Inc. has a 1 year low of $187.30 and a 1 year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping 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 firm's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.15 EPS. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, August 29th. Cboe Global Markets's payout ratio is currently 33.76%.

Insider Buying and Selling

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 transaction of $815,234.84. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by company insiders.

Cboe Global Markets 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.