Sumitomo Mitsui Trust Group Inc. Lowers Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 0.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 278,040 shares of the company's stock after selling 2,225 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.27% of Cboe Global Markets worth $62,918,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Cboe Global Markets by 15.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,826 shares of the company's stock valued at $6,196,000 after acquiring an additional 3,646 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Cboe Global Markets by 7.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 64,701 shares of the company's stock valued at $14,641,000 after acquiring an additional 4,526 shares in the last quarter. Board of the Pension Protection Fund boosted its holdings in shares of Cboe Global Markets by 19.1% during the 1st quarter. Board of the Pension Protection Fund now owns 5,600 shares of the company's stock valued at $1,267,000 after acquiring an additional 900 shares in the last quarter. Perpetual Ltd acquired a new stake in shares of Cboe Global Markets during the 1st quarter valued at $66,981,000. Finally, PDS Planning Inc acquired a new stake in shares of Cboe Global Markets during the 1st quarter valued at $338,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several recent research reports. Wall Street Zen raised Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. UBS Group raised their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Morgan Stanley downgraded Cboe Global Markets from an "overweight" rating to an "underweight" rating and cut their price objective for the company from $256.00 to $215.00 in a report on Wednesday, May 14th. Barclays raised their price objective on Cboe Global Markets from $232.00 to $245.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Finally, Oppenheimer lifted their target price on Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Cboe Global Markets presently has an average rating of "Hold" and an average price target of $219.64.

Cboe Global Markets Trading Down 0.5%

Shares of NASDAQ:CBOE traded down $1.21 during midday trading on Tuesday, reaching $232.00. The company's stock had a trading volume of 741,253 shares, compared to its average volume of 867,741. The firm has a market capitalization of $24.29 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 1.75 and a beta of 0.43. 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 firm has a 50 day moving average price of $224.82 and a two-hundred day moving average price of $213.07. Cboe Global Markets, Inc. has a fifty-two week low of $166.88 and a fifty-two week high of $236.02.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. Cboe Global Markets's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.15 EPS. As a group, analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's dividend payout ratio is 33.03%.

Insider Activity

In other news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction dated 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by corporate 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.