ABN Amro Investment Solutions Cuts Stake in Cboe Global Markets, Inc. $CBOE

ABN Amro Investment Solutions cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 43.6% during the 3rd quarter, HoldingsChannel reports. The fund owned 13,768 shares of the company’s stock after selling 10,622 shares during the quarter. ABN Amro Investment Solutions’ holdings in Cboe Global Markets were worth $3,377,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CBOE. Norges Bank bought a new position in shares of Cboe Global Markets during the 2nd quarter valued at $324,234,000. Alliancebernstein L.P. boosted its position in Cboe Global Markets by 4.1% during the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after buying an additional 390,034 shares during the period. Invesco Ltd. grew its stake 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 valued at $402,990,000 after buying an additional 370,223 shares during the last quarter. Man Group plc grew its stake in shares of Cboe Global Markets by 106.5% during the second quarter. Man Group plc now owns 546,734 shares of the company’s stock valued at $127,504,000 after buying an additional 281,939 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cboe Global Markets in the second quarter worth about $53,776,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

NASDAQ:CBOE opened at $275.11 on Monday. 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’s fifty day simple moving average is $261.76 and its 200 day simple moving average is $250.80. The stock has a market cap of $28.79 billion, a P/E ratio of 38.10, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a twelve month low of $200.88 and a twelve month high of $283.13.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 6th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.10 earnings per share. As a group, research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.72 per share. 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 presently 27.64%.

Analyst Upgrades and Downgrades

CBOE has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a 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 research note on Monday, November 3rd. Loop Capital set a $317.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. Piper Sandler upped their price target on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Barclays increased their price target on shares of Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $279.00.

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.