Principal Financial Group Inc. Purchases 3,155 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Principal Financial Group Inc. raised its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 2.0% during the third quarter, Holdings Channel reports. The fund owned 157,158 shares of the company’s stock after buying an additional 3,155 shares during the period. Principal Financial Group Inc.’s holdings in Cboe Global Markets were worth $32,197,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC purchased a new position in Cboe Global Markets during the 2nd quarter valued at about $30,000. Friedenthal Financial purchased a new stake in Cboe Global Markets in the 3rd quarter worth approximately $49,000. Ashton Thomas Private Wealth LLC bought a new position in Cboe Global Markets in the 2nd quarter worth $51,000. GPS Wealth Strategies Group LLC boosted its position in Cboe Global Markets by 59.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after acquiring an additional 123 shares in the last quarter. Finally, Intact Investment Management Inc. purchased a new position in Cboe Global Markets during the third quarter valued at $74,000. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Stock Up 1.3 %

Shares of CBOE opened at $199.43 on Tuesday. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The firm has a market cap of $21.15 billion, a P/E ratio of 102.80 and a beta of 0.61. The company’s 50-day moving average price is $209.01 and its 200 day moving average price is $192.56. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 million. During the same quarter in the previous year, the business posted $2.06 EPS. The firm’s revenue was up 10.7% on a year-over-year basis. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets announced that its Board of Directors has initiated a share 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 typically a sign that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

CBOE has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Morgan Stanley cut shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a report on Wednesday, November 6th. Keefe, Bruyette & Woods increased 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 note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and upped their price target for the stock from $212.00 to $222.00 in a research note on Monday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research report on Monday, November 4th. 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $209.42.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. The trade was a 0.00 % 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 valued at $1,591,160 in the last quarter. 0.51% of the stock is currently owned by corporate insiders.

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.