Norges Bank Makes New $269.52 Million Investment in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Norges Bank bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,379,345 shares of the company’s stock, valued at approximately $269,524,000. Norges Bank owned about 1.32% of Cboe Global Markets as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Erste Asset Management GmbH bought a new position in Cboe Global Markets during the third quarter valued at $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cboe Global Markets in the third quarter worth $158,000. Benjamin Edwards Inc. increased its stake in Cboe Global Markets by 5,967.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after purchasing an additional 29,778 shares in the last quarter. Coastwise Capital Group LLC purchased a new position in shares of Cboe Global Markets in the third quarter worth $216,000. Finally, Harmony Asset Management LLC acquired a new stake in shares of Cboe Global Markets during the third quarter worth $15,175,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

CBOE opened at $222.68 on Friday. The company has a fifty day moving average price of $209.79. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $223.51. The firm has a market cap of $23.32 billion, a PE ratio of 30.84, a P/E/G ratio of 1.75 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter last year, the company posted $2.06 earnings per share. Equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s payout ratio is currently 34.90%.

Insider Activity

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock worth $2,380,529 over the last three months. 0.22% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Jefferies Financial Group dropped their target price on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, January 9th. Bank of America raised their price target on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Oppenheimer dropped their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a report on Monday, January 13th. Finally, Barclays raised their target price on shares of Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $206.86.

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.