Cboe Global Markets, Inc. (BATS:CBOE) Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 77.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,605 shares of the company’s stock after acquiring an additional 9,864 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Cboe Global Markets were worth $4,631,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC grew its position in shares of Cboe Global Markets by 7.2% in the first quarter. Tidal Investments LLC now owns 13,541 shares of the company’s stock valued at $2,488,000 after purchasing an additional 904 shares during the period. Comerica Bank boosted its stake in Cboe Global Markets by 42.6% in the 1st quarter. Comerica Bank now owns 30,009 shares of the company’s stock worth $5,514,000 after buying an additional 8,970 shares during the last quarter. iA Global Asset Management Inc. grew its holdings in Cboe Global Markets by 16.6% in the 1st quarter. iA Global Asset Management Inc. now owns 4,256 shares of the company’s stock valued at $782,000 after buying an additional 607 shares during the period. Plato Investment Management Ltd acquired a new position in shares of Cboe Global Markets during the 1st quarter valued at about $77,000. Finally, Swedbank AB acquired a new position in shares of Cboe Global Markets during the 1st quarter valued at about $844,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CBOE shares. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and raised their target price for the stock from $212.00 to $222.00 in a research report on Monday, November 11th. Oppenheimer lifted their price target on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Piper Sandler upped their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada restated a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research note on Monday, November 4th. Finally, TD Cowen began coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $209.42.

Insider Activity

In other news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. This represents a 13.08 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The trade was a 15.50 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $217.30 on Wednesday. The firm has a market capitalization of $23.05 billion, a PE ratio of 112.01 and a beta of 0.61. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The stock’s 50 day moving average price is $207.83 and its 200 day moving average price is $194.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.06 earnings per share. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.63 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a yield of 1.16%. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets declared that its Board of Directors has approved a stock repurchase program on Friday, August 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Cboe Global Markets Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.