Tokio Marine Asset Management Co. Ltd. Has $788,000 Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Tokio Marine Asset Management Co. Ltd. reduced its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 7.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 3,845 shares of the company’s stock after selling 319 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Cboe Global Markets were worth $788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. US Bancorp DE lifted its holdings in Cboe Global Markets by 60.9% during the 1st quarter. US Bancorp DE now owns 4,333 shares of the company’s stock valued at $796,000 after purchasing an additional 1,640 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of Cboe Global Markets by 9.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 189,759 shares of the company’s stock valued at $34,811,000 after acquiring an additional 16,955 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in shares of Cboe Global Markets by 152.3% in the first quarter. Bahl & Gaynor Inc. now owns 176,694 shares of the company’s stock valued at $32,464,000 after buying an additional 106,666 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Cboe Global Markets by 7.6% in the first quarter. O Shaughnessy Asset Management LLC now owns 50,920 shares of the company’s stock valued at $9,356,000 after buying an additional 3,586 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in Cboe Global Markets by 431.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 6,223 shares of the company’s stock worth $1,143,000 after acquiring an additional 5,051 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on CBOE shares. TD Cowen assumed coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They set a “hold” rating and a $205.00 price target on the stock. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Piper Sandler upped their price target on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Barclays lowered their price objective on 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 shares of Cboe Global Markets from a “hold” rating to a “buy” rating and raised their target price for the company from $212.00 to $222.00 in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $209.42.

Insider Transactions at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the company’s 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 transaction, the chief operating officer now owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This represents a 13.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets 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 sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The trade was a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,696 shares of company stock worth $1,591,160 in the last ninety days. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

CBOE stock opened at $200.88 on Friday. The firm has a market cap of $21.31 billion, a PE ratio of 103.55 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 business’s 50-day moving average price is $208.04 and its two-hundred day moving average price is $192.92. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. The business had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company earned $2.06 earnings per share. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.25%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

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

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.