Cboe Global Markets, Inc. $CBOE Shares Sold by Covea Finance

Covea Finance decreased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,200 shares of the company’s stock after selling 5,900 shares during the quarter. Covea Finance’s holdings in Cboe Global Markets were worth $9,859,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Cboe Global Markets by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock valued at $2,992,793,000 after buying an additional 195,086 shares during the period. Alliancebernstein L.P. raised its stake in shares of Cboe Global Markets by 4.1% in the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after acquiring an additional 390,034 shares in the last quarter. State Street Corp raised its stake in shares of Cboe Global Markets by 1.7% in the second quarter. State Street Corp now owns 4,895,467 shares of the company’s stock valued at $1,141,672,000 after acquiring an additional 81,432 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Cboe Global Markets by 1.8% in the second quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company’s stock valued at $664,186,000 after purchasing an additional 51,873 shares during the period. Finally, Invesco Ltd. boosted its holdings in Cboe Global Markets by 27.3% in the second quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock valued at $402,990,000 after purchasing an additional 370,223 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Up 0.5%

Cboe Global Markets stock opened at $255.96 on Friday. The stock has a 50-day simple moving average of $250.58 and a 200-day simple moving average of $242.25. The company has a market capitalization of $26.78 billion, a P/E ratio of 35.45, a PEG 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. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter last year, the business earned $2.22 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. Equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CBOE shares. Citigroup upped their price target on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Piper Sandler reissued an “overweight” rating and set a $290.00 price objective on shares of Cboe Global Markets in a research report on Monday, November 3rd. Loop Capital set a $310.00 target price on shares of Cboe Global Markets in a research note on Wednesday, December 10th. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, UBS Group boosted their price target on shares of Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $246.62.

Cboe Global Markets Profile

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.