Benedict Financial Advisors Inc. Decreases Position in Cboe Global Markets, Inc. $CBOE

Benedict Financial Advisors Inc. lessened its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 69.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,120 shares of the company’s stock after selling 22,897 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Cboe Global Markets were worth $2,482,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sagespring Wealth Partners LLC increased its position in Cboe Global Markets by 4.1% in the third quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock worth $260,000 after buying an additional 42 shares during the last quarter. IHT Wealth Management LLC grew its stake in shares of Cboe Global Markets by 4.5% during the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after acquiring an additional 44 shares during the period. Apollon Wealth Management LLC increased its holdings in Cboe Global Markets by 3.7% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock worth $294,000 after acquiring an additional 45 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Cboe Global Markets by 3.2% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock valued at $349,000 after acquiring an additional 46 shares during the period. Finally, Concurrent Investment Advisors LLC lifted its holdings in Cboe Global Markets by 3.3% during the third quarter. Concurrent Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $353,000 after purchasing an additional 46 shares during the last quarter. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Trading Up 0.3%

Shares of Cboe Global Markets stock opened at $265.34 on Friday. Cboe Global Markets, Inc. has a 1 year low of $200.88 and a 1 year high of $279.33. The firm has a market cap of $27.77 billion, a PE ratio of 36.75, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a 50 day simple moving average of $258.21 and a two-hundred day simple moving average of $248.21.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, October 31st. The company reported $2.67 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 last year, the business posted $2.22 EPS. The firm’s revenue was up 13.8% compared to the same quarter last year. Analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid 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 dividend payout ratio is currently 30.93%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CBOE shares. Keefe, Bruyette & Woods lifted their target price on shares of Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Barclays cut their price objective on shares of Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Piper Sandler lifted their target price on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Loop Capital set a $281.00 price target on shares of Cboe Global Markets in a report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $268.36.

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.