Benjamin Edwards Inc. Buys 2,374 Shares of Cboe Global Markets, Inc. $CBOE

Benjamin Edwards Inc. lifted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,249 shares of the company’s stock after buying an additional 2,374 shares during the period. Benjamin Edwards Inc.’s holdings in Cboe Global Markets were worth $7,912,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can lifted its position in shares of Cboe Global Markets by 19.1% in the 2nd 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 during the period. Peak Financial Advisors LLC bought a new position in Cboe Global Markets in the third quarter worth about $2,074,000. Yousif Capital Management LLC lifted its holdings in Cboe Global Markets by 24.2% in the second quarter. Yousif Capital Management LLC now owns 16,540 shares of the company’s stock worth $3,857,000 after buying an additional 3,225 shares during the period. Stevens Capital Management LP purchased a new stake in Cboe Global Markets in the second quarter worth about $531,000. Finally, Intech Investment Management LLC boosted its position in Cboe Global Markets by 33.4% during the 2nd quarter. Intech Investment Management LLC now owns 89,609 shares of the company’s stock valued at $20,898,000 after acquiring an additional 22,447 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CBOE shares. Piper Sandler reissued an “overweight” rating and issued a $290.00 target price on shares of Cboe Global Markets in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. UBS Group boosted their target price on shares of Cboe Global Markets from $265.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Morgan Stanley lifted their price target on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research report on Monday, December 22nd. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $268.00.

Cboe Global Markets Trading Up 2.1%

NASDAQ CBOE opened at $260.54 on Friday. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $262.98. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average price is $253.88 and its 200-day moving average price is $244.25. The stock has a market cap of $27.26 billion, a P/E ratio of 36.09, a P/E/G ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) 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%. During the same period in the previous year, the business posted $2.22 EPS. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 112.0%. Cboe Global Markets’s dividend payout ratio (DPR) is 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.