Daiwa Securities Group Inc. Increases Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Daiwa Securities Group Inc. lifted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 77.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,605 shares of the company’s stock after buying an additional 9,864 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Cboe Global Markets were worth $4,631,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Alpha DNA Investment Management LLC grew its stake in shares of Cboe Global Markets by 13.8% during the third quarter. Alpha DNA Investment Management LLC now owns 3,979 shares of the company’s stock worth $815,000 after purchasing an additional 484 shares in the last quarter. Swedbank AB lifted its holdings in Cboe Global Markets by 305.2% during the 3rd quarter. Swedbank AB now owns 94,392 shares of the company’s stock worth $19,338,000 after buying an additional 71,097 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Cboe Global Markets by 52.7% during the 3rd quarter. Cerity Partners LLC now owns 19,637 shares of the company’s stock worth $4,023,000 after acquiring an additional 6,781 shares in the last quarter. Nicolet Advisory Services LLC acquired a new position in shares of Cboe Global Markets during the 3rd quarter worth about $240,000. Finally, Citigroup Inc. increased its holdings in shares of Cboe Global Markets by 2.4% in the 3rd quarter. Citigroup Inc. now owns 126,000 shares of the company’s stock valued at $25,814,000 after acquiring an additional 2,903 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Up 1.5 %

Cboe Global Markets stock opened at $217.30 on Wednesday. The stock has a market capitalization of $23.05 billion, a price-to-earnings ratio of 112.01 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average of $207.83 and a two-hundred day moving average of $194.27. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. The firm 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%. Cboe Global Markets’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $2.06 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared 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 is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.16%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

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

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Oppenheimer upped their target price 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 lifted their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Barclays reduced their price target on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price objective for the stock from $212.00 to $222.00 in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $209.42.

Insider Transactions at Cboe Global Markets

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

Cboe Global Markets Company 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.