Cboe Global Markets, Inc. $CBOE Shares Acquired by iA Global Asset Management Inc.

by · The Markets Daily

iA Global Asset Management Inc. boosted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 93.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,196 shares of the company’s stock after purchasing an additional 4,449 shares during the period. iA Global Asset Management Inc.’s holdings in Cboe Global Markets were worth $2,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. IHT Wealth Management LLC grew its stake in shares of Cboe Global Markets by 4.5% during the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after acquiring an additional 44 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of Cboe Global Markets by 3.7% during the second quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock worth $294,000 after purchasing an additional 45 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Cboe Global Markets by 3.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock valued at $349,000 after buying an additional 46 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in Cboe Global Markets by 3.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $353,000 after buying an additional 46 shares during the last quarter. Finally, Brown Advisory Inc. grew its position in shares of Cboe Global Markets by 3.9% in the 2nd quarter. Brown Advisory Inc. now owns 1,499 shares of the company’s stock worth $350,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $276.39 on Friday. Cboe Global Markets, Inc. has a 1 year low of $198.76 and a 1 year high of $278.50. The company has a market cap of $28.92 billion, a price-to-earnings ratio of 38.28, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm has a fifty day moving average of $257.38 and a 200-day moving average of $247.39.

Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last released its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.22 EPS. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.72 per share. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 112.0%. Cboe Global Markets’s payout ratio is currently 30.93%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. UBS Group upped their price target on Cboe Global Markets from $265.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Loop Capital set a $281.00 target price on shares of Cboe Global Markets in a report on Wednesday, January 14th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Citigroup boosted their price objective on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $268.36.

Check Out Our Latest Research Report on CBOE

About Cboe Global Markets

(Free Report)

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.

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