Cboe Global Markets, Inc. (BATS:CBOE) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 3.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,003 shares of the company’s stock after purchasing an additional 4,730 shares during the period. Principal Financial Group Inc.’s holdings in Cboe Global Markets were worth $26,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBOE. Norges Bank acquired a new position in Cboe Global Markets during the fourth quarter valued at $226,557,000. Perpetual Ltd acquired a new position in shares of Cboe Global Markets in the first quarter worth about $74,868,000. Allianz Asset Management GmbH raised its position in shares of Cboe Global Markets by 439.5% in the fourth quarter. Allianz Asset Management GmbH now owns 317,631 shares of the company’s stock worth $56,716,000 after acquiring an additional 258,753 shares during the period. Panagora Asset Management Inc. raised its position in shares of Cboe Global Markets by 1,202.0% in the fourth quarter. Panagora Asset Management Inc. now owns 141,735 shares of the company’s stock worth $25,308,000 after acquiring an additional 130,849 shares during the period. Finally, Adams Diversified Equity Fund Inc. acquired a new position in shares of Cboe Global Markets in the first quarter worth about $22,930,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 0.5 %

Shares of BATS CBOE opened at $205.40 on Monday. 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 cap of $21.79 billion, a PE ratio of 105.88 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 company has a 50-day moving average of $188.25 and a 200 day moving average of $183.59.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. During the same quarter in the prior year, the company earned $1.78 EPS. Cboe Global Markets’s revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

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

Cboe Global Markets Increases Dividend

The company also recently announced 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. This represents a $2.52 annualized dividend and a yield of 1.23%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, August 30th. Cboe Global Markets’s payout ratio is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares in the company, valued at approximately $879,579.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at $879,579.44. The disclosure for this sale can be found here. Insiders have sold 16,639 shares of company stock worth $3,079,461 in the last ninety days. 0.51% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Rosenblatt Securities upped their price objective on shares of Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $199.64.

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.