Prudential PLC Acquires 16,262 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Prudential PLC raised its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 102.3% in the second quarter, Holdings Channel reports. The firm owned 32,159 shares of the company’s stock after purchasing an additional 16,262 shares during the period. Prudential PLC’s holdings in Cboe Global Markets were worth $5,469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC grew its stake in Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 85 shares during the period. Optiver Holding B.V. bought a new position in Cboe Global Markets in the 4th quarter valued at $29,000. ORG Partners LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter worth $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Cboe Global Markets during the 1st quarter worth $42,000. Finally, Riverview Trust Co bought a new position in shares of Cboe Global Markets during the 1st quarter worth $44,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CBOE. Deutsche Bank Aktiengesellschaft increased their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Keefe, Bruyette & Woods increased their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Oppenheimer increased their price target on Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $199.64.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $211.40 on Wednesday. The stock’s 50-day simple moving average is $193.83 and its 200 day simple moving average is $184.57. The stock has a market capitalization of $22.42 billion, a price-to-earnings ratio of 108.97 and a beta of 0.61. 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, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $513.80 million for the quarter, compared to analysts’ expectations of $514.51 million. During the same quarter last year, the firm posted $1.78 EPS. The company’s revenue was up 10.0% compared to the same quarter last year. Research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.63 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.19%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a share buyback plan on Friday, August 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, 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 value of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The sale 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 shares were 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 in the company, valued at $1,886,690.52. The disclosure for this sale can be found here. Insiders have sold a total of 24,261 shares of company stock valued at $4,654,822 in the last 90 days. Corporate insiders own 0.51% of the company’s stock.

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.