1832 Asset Management L.P. Purchases New Shares in Cboe Global Markets, Inc. $CBOE

1832 Asset Management L.P. acquired a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,629 shares of the company’s stock, valued at approximately $2,945,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBOE. Missouri Trust & Investment Co bought a new stake in Cboe Global Markets during the 2nd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $33,000. Pandora Wealth Inc. purchased a new stake in Cboe Global Markets during the 1st quarter worth about $45,000. Ameritas Advisory Services LLC bought a new position in Cboe Global Markets in the 2nd quarter worth about $46,000. Finally, Spire Wealth Management boosted its stake in Cboe Global Markets by 61.5% in the 2nd quarter. Spire Wealth Management now owns 239 shares of the company’s stock worth $56,000 after purchasing an additional 91 shares during the period. 82.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on CBOE shares. Morgan Stanley reaffirmed an “underweight” rating and set a $221.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 1st. Barclays increased their price objective on Cboe Global Markets from $264.00 to $273.00 and gave the stock an “equal weight” rating in a research report on Monday, November 3rd. Citigroup boosted their target price on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 price target on shares of Cboe Global Markets in a report on Monday, November 3rd. Finally, Loop Capital set a $287.00 price target on Cboe Global Markets in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $243.38.

Cboe Global Markets Stock Down 0.8%

Shares of NASDAQ:CBOE opened at $252.76 on Friday. The stock’s 50-day moving average is $247.71 and its 200 day moving average is $239.92. The company has a market cap of $26.45 billion, a PE ratio of 35.01, a P/E/G 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. 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 announced its earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.Cboe Global Markets’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $2.22 earnings per share. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.72 per share. This represents a dividend yield of 112.0%. The ex-dividend date of this dividend is Friday, November 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 30.93%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.