Resona Asset Management Co. Ltd. Takes Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Resona Asset Management Co. Ltd. bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 51,382 shares of the company's stock, valued at approximately $10,048,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Alliancebernstein L.P. lifted its holdings in Cboe Global Markets by 208.4% in the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after acquiring an additional 5,193,339 shares during the period. Norges Bank bought a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $269,524,000. Raymond James Financial Inc. purchased a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $59,206,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cboe Global Markets by 270.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company's stock worth $58,559,000 after buying an additional 218,865 shares during the last quarter. Finally, Amundi grew its position in Cboe Global Markets by 27.2% during the fourth quarter. Amundi now owns 885,659 shares of the company's stock valued at $170,923,000 after buying an additional 189,280 shares during the period. Hedge funds and other institutional investors own 82.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CBOE. Oppenheimer reduced their price objective on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating for the company in a research note on Monday, January 13th. Barclays upped their price target on Cboe Global Markets from $216.00 to $232.00 and gave the stock an "equal weight" rating in a research report on Monday. William Blair initiated coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a "market perform" rating on the stock. StockNews.com raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Finally, Loop Capital set a $260.00 target price on shares of Cboe Global Markets in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $216.90.

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Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock traded up $5.41 on Friday, hitting $215.43. 358,526 shares of the company traded hands, compared to its average volume of 875,917. Cboe Global Markets, Inc. has a 52 week low of $166.13 and a 52 week high of $234.37. The company's 50-day moving average price is $212.55. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $22.56 billion, a PE ratio of 29.84, a P/E/G ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the prior year, the company earned $2.06 earnings per share. Research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's dividend payout ratio is presently 34.90%.

Insiders Place Their Bets

In related news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 that occurred on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock valued at $2,380,529 in the last quarter. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Profile

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.