Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,511 shares of the company’s stock after buying an additional 5,081 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of Cboe Global Markets worth $31,533,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CBOE. Raymond James Financial Inc. purchased a new stake in shares of Cboe Global Markets in the 4th quarter worth $59,206,000. Amundi increased its position in Cboe Global Markets by 27.2% in the fourth quarter. Amundi now owns 885,659 shares of the company’s stock worth $170,923,000 after buying an additional 189,280 shares in the last quarter. Victory Capital Management Inc. increased its position in Cboe Global Markets by 64.2% in the fourth quarter. Victory Capital Management Inc. now owns 391,636 shares of the company’s stock worth $76,526,000 after buying an additional 153,184 shares in the last quarter. E. Ohman J or Asset Management AB lifted its position in shares of Cboe Global Markets by 4,157.6% during the 4th quarter. E. Ohman J or Asset Management AB now owns 155,616 shares of the company’s stock valued at $30,407,000 after buying an additional 151,961 shares in the last quarter. Finally, abrdn plc grew its stake in shares of Cboe Global Markets by 341.2% during the 4th quarter. abrdn plc now owns 190,017 shares of the company’s stock valued at $37,145,000 after acquiring an additional 146,945 shares during the period. 82.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Oppenheimer lowered their target price on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday, January 13th. Jefferies Financial Group cut their price target on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, January 9th. Bank of America boosted their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Barclays increased their target price on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $206.86.

Insiders Place Their Bets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at $52,357.76. The trade was a 47.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock valued at $2,380,529 over the last ninety days. 0.22% of the stock is owned by insiders.

Cboe Global Markets Price Performance

NASDAQ:CBOE opened at $222.68 on Friday. The company has a market cap of $23.32 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $223.51. The business has a 50 day moving average price of $209.79. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last released 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 previous year, the company posted $2.06 EPS. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a yield of 1.13%. Cboe Global Markets’s dividend payout ratio is currently 34.90%.

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.