Elkhorn Investments LLC increased its position in shares of Cboe Global Markets Inc (NASDAQ:CBOE) by 7.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,037 shares of the financial services provider’s stock after buying an additional 897 shares during the period. Elkhorn Investments LLC’s holdings in Cboe Global Markets were worth $1,219,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CBOE. BlackRock Inc. grew its holdings in Cboe Global Markets by 10.8% in the fourth quarter. BlackRock Inc. now owns 8,088,983 shares of the financial services provider’s stock worth $1,007,804,000 after purchasing an additional 786,423 shares during the period. Legal & General Group Plc grew its holdings in Cboe Global Markets by 304.7% in the third quarter. Legal & General Group Plc now owns 490,274 shares of the financial services provider’s stock worth $52,768,000 after purchasing an additional 369,123 shares during the period. Guggenheim Capital LLC grew its holdings in Cboe Global Markets by 84.3% in the fourth quarter. Guggenheim Capital LLC now owns 624,576 shares of the financial services provider’s stock worth $77,815,000 after purchasing an additional 285,612 shares during the period. Janus Henderson Group PLC grew its holdings in Cboe Global Markets by 46.8% in the third quarter. Janus Henderson Group PLC now owns 704,403 shares of the financial services provider’s stock worth $75,815,000 after purchasing an additional 224,513 shares during the period. Finally, LVW Advisors LLC acquired a new stake in Cboe Global Markets in the third quarter worth $16,945,000. 84.03% of the stock is owned by institutional investors and hedge funds.
CBOE has been the subject of a number of research reports. Wells Fargo & Co raised their price target on shares of Cboe Global Markets from $4.75 to $138.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Deutsche Bank raised their price target on shares of Cboe Global Markets from $127.00 to $128.00 and gave the stock a “buy” rating in a report on Tuesday, March 6th. BidaskClub upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $130.00 price target on shares of Cboe Global Markets in a report on Friday, December 22nd. Finally, UBS Group restated a “buy” rating and issued a $120.00 price target (down from $136.00) on shares of Cboe Global Markets in a report on Tuesday, February 13th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $120.09.
Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). The business had revenue of $265.60 million for the quarter, compared to analyst estimates of $267.25 million. Cboe Global Markets had a net margin of 17.80% and a return on equity of 12.74%. The firm’s quarterly revenue was up 85.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 earnings per share. research analysts forecast that Cboe Global Markets Inc will post 4.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date is Thursday, March 1st. Cboe Global Markets’s dividend payout ratio is currently 58.06%.
Cboe Global Markets declared that its Board of Directors has initiated a share repurchase plan on Tuesday, February 27th that allows the company to buyback $150.00 million in shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.
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Cboe Global Markets Profile
Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).
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