PGGM Investments Increases Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

PGGM Investments increased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOEFree Report) by 42.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,270 shares of the company’s stock after acquiring an additional 6,933 shares during the quarter. PGGM Investments’ holdings in Cboe Global Markets were worth $3,635,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC raised its stake in shares of Cboe Global Markets by 36.0% in the first quarter. Private Advisor Group LLC now owns 3,099 shares of the company’s stock valued at $355,000 after acquiring an additional 820 shares during the period. MetLife Investment Management LLC raised its stake in Cboe Global Markets by 23.1% in the first quarter. MetLife Investment Management LLC now owns 29,009 shares of the company’s stock worth $3,319,000 after buying an additional 5,448 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Cboe Global Markets by 0.9% during the first quarter. Panagora Asset Management Inc. now owns 11,869 shares of the company’s stock worth $1,358,000 after purchasing an additional 110 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Cboe Global Markets by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,269 shares of the company’s stock worth $1,633,000 after purchasing an additional 883 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Cboe Global Markets by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 553,273 shares of the company’s stock worth $63,307,000 after purchasing an additional 22,032 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $182.78 on Monday. The business has a 50-day moving average of $179.67 and a 200 day moving average of $165.13. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The stock has a market capitalization of $19.39 billion, a price-to-earnings ratio of 94.22 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOEGet Free Report) last issued its earnings results on Friday, February 2nd. The company reported $2.06 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.02. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same quarter last year, the company earned $1.80 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets declared that its board has authorized a share buyback program on Thursday, October 26th that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 1.4% 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 Ratings Changes

Several equities analysts recently issued reports on CBOE shares. Barclays raised Cboe Global Markets from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $189.00 to $204.00 in a research report on Monday, January 8th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $192.00 price target on shares of Cboe Global Markets in a research note on Monday, January 8th. Deutsche Bank Aktiengesellschaft lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating and set a $168.00 price target on the stock. in a research note on Wednesday, October 11th. They noted that the move was a valuation call. Argus lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Finally, Piper Sandler raised their price target on shares of Cboe Global Markets from $177.00 to $193.00 and gave the company an “overweight” rating in a research note on Tuesday, November 21st. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.78.

Check Out Our Latest Research Report on Cboe Global Markets

Insider Buying and Selling

In related news, EVP Catherine R. Clay sold 1,300 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $179.62, for a total transaction of $233,506.00. Following the completion of the transaction, the executive vice president now directly owns 4,214 shares of the company’s stock, valued at $756,918.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

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