Generali Asset Management SPA SGR Lowers Holdings in Cboe Global Markets, Inc. $CBOE

Generali Asset Management SPA SGR lowered its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 66.2% in the third quarter, HoldingsChannel reports. The firm owned 4,771 shares of the company’s stock after selling 9,355 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Cboe Global Markets were worth $1,170,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bank of Montreal Can raised its holdings in Cboe Global Markets by 19.1% during the second quarter. Bank of Montreal Can now owns 241,995 shares of the company’s stock worth $56,436,000 after purchasing an additional 38,872 shares in the last quarter. Peak Financial Advisors LLC acquired a new position in shares of Cboe Global Markets in the 3rd quarter valued at $2,074,000. Stevens Capital Management LP purchased a new position in shares of Cboe Global Markets in the 2nd quarter valued at $531,000. Benedict Financial Advisors Inc. raised its stake in Cboe Global Markets by 235.4% during the 2nd quarter. Benedict Financial Advisors Inc. now owns 33,017 shares of the company’s stock worth $7,700,000 after acquiring an additional 23,173 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in Cboe Global Markets by 24.2% during the 2nd quarter. Yousif Capital Management LLC now owns 16,540 shares of the company’s stock worth $3,857,000 after acquiring an additional 3,225 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group raised their price objective on Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Loop Capital set a $310.00 price target on Cboe Global Markets in a research note on Wednesday, December 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a report on Monday, November 3rd. Finally, Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $246.62.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $248.11 on Monday. 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 stock has a market capitalization of $25.96 billion, a P/E ratio of 34.36, a P/E/G ratio of 1.75 and a beta of 0.36. The company’s fifty day moving average is $252.45 and its two-hundred day moving average is $243.71. Cboe Global Markets, Inc. has a 1 year low of $187.30 and a 1 year high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last released its 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 net margin of 18.64% and a return on equity of 22.02%. During the same period in the previous year, the firm posted $2.22 earnings per share. Cboe Global Markets’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, sell-side analysts predict 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 disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.72 dividend. This represents a yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s payout ratio is currently 30.93%.

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.