Fifth Third Bancorp Increases Stock Position in Cboe Global Markets, Inc. $CBOE

by · The Cerbat Gem

Fifth Third Bancorp boosted its position in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 952.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,230 shares of the company’s stock after acquiring an additional 31,881 shares during the period. Fifth Third Bancorp’s holdings in Cboe Global Markets were worth $9,902,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CBOE. Vanguard Group Inc. raised its stake in shares of Cboe Global Markets by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock valued at $3,251,878,000 after acquiring an additional 120,021 shares during the last quarter. State Street Corp grew its stake in shares of Cboe Global Markets by 2.1% in the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock worth $1,225,469,000 after purchasing an additional 101,349 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cboe Global Markets by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock worth $750,940,000 after purchasing an additional 65,108 shares during the last quarter. Morgan Stanley increased its holdings in Cboe Global Markets by 6.1% during the 4th quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock valued at $675,482,000 after purchasing an additional 155,333 shares during the period. Finally, Invesco Ltd. increased its holdings in Cboe Global Markets by 5.8% during the 4th quarter. Invesco Ltd. now owns 1,931,272 shares of the company’s stock valued at $484,749,000 after purchasing an additional 105,168 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Trading Up 0.8%

BATS:CBOE opened at $277.11 on Thursday. The firm has a market capitalization of $29.39 billion, a P/E ratio of 142.84 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The company’s 50-day simple moving average is $296.52 and its 200 day simple moving average is $287.91.

Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. During the same quarter last year, the firm earned $2.50 earnings per share. The business’s revenue for the quarter was up 29.0% on a year-over-year basis. As a group, analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Analyst Ratings Changes

Several research firms have weighed in on CBOE. UBS Group increased their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a report on Monday, May 4th. TD Cowen boosted their target price on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. Finally, Barclays cut their price target on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $314.00.

View Our Latest Stock Analysis on Cboe Global Markets

Cboe Global Markets Company Profile

(Free Report)

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.

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