Dai ichi Life Insurance Company Ltd Has $8.36 Million Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Dai ichi Life Insurance Company Ltd lowered its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 12.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 40,818 shares of the company’s stock after selling 5,800 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in Cboe Global Markets were worth $8,362,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. ORG Partners LLC acquired a new position in Cboe Global Markets during the 2nd quarter worth about $30,000. Friedenthal Financial bought a new stake in shares of Cboe Global Markets during the third quarter valued at approximately $49,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $51,000. GPS Wealth Strategies Group LLC raised its position in Cboe Global Markets by 59.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after purchasing an additional 123 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new position in Cboe Global Markets during the 3rd quarter worth $74,000. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In related news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CBOE has been the subject of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a report on Monday, November 4th. Oppenheimer lifted their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and increased their target price for the company from $212.00 to $222.00 in a research note on Monday, November 11th. Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a research report on Wednesday, November 6th. Finally, Barclays cut their price target on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $209.42.

Cboe Global Markets Trading Up 0.0 %

BATS CBOE opened at $213.29 on Tuesday. The company has a market cap of $22.62 billion, a PE ratio of 109.94 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The stock has a 50 day moving average of $207.83 and a 200-day moving average of $194.27. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its earnings results 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. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $530.46 million. During the same period in the prior year, the firm earned $2.06 EPS. Cboe Global Markets’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets declared that its Board of Directors has initiated a share buyback program on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

About Cboe Global Markets

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.