Envestnet Portfolio Solutions Inc. Lowers Stake in Cboe Global Markets, Inc. $CBOE

Envestnet Portfolio Solutions Inc. reduced its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 52.4% in the third quarter, HoldingsChannel.com reports. The firm owned 3,100 shares of the company’s stock after selling 3,414 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Cboe Global Markets were worth $760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings 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 worth $2,992,793,000 after buying an additional 195,086 shares during the period. Alliancebernstein L.P. lifted its position 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 boosted 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 worth $1,141,672,000 after acquiring an additional 81,432 shares during the period. Geode Capital Management LLC grew its position in shares of Cboe Global Markets by 1.8% during the second quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company’s stock worth $664,186,000 after purchasing an additional 51,873 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Cboe Global Markets by 27.3% during the second quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock worth $402,990,000 after purchasing an additional 370,223 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on CBOE. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Morgan Stanley boosted their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a report on Monday, December 22nd. Piper Sandler raised their target price on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Finally, Citigroup increased their price objective on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $268.36.

Cboe Global Markets Price Performance

CBOE stock opened at $265.34 on Friday. The company has a fifty day simple moving average of $258.21 and a two-hundred day simple moving average of $248.21. Cboe Global Markets, Inc. has a 52 week low of $200.88 and a 52 week high of $279.33. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $27.77 billion, a P/E ratio of 36.75, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

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

Cboe Global Markets Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid 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 dividend payout ratio (DPR) is presently 30.93%.

Cboe Global Markets Company 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.