AGF Management Ltd. Sells 3,730 Shares of Cboe Global Markets, Inc. $CBOE

AGF Management Ltd. lowered its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 17.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,169 shares of the company’s stock after selling 3,730 shares during the period. AGF Management Ltd.’s holdings in Cboe Global Markets were worth $4,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets in the first quarter worth about $26,000. Missouri Trust & Investment Co bought a new position in shares of Cboe Global Markets during the 2nd quarter worth $26,000. Hughes Financial Services LLC purchased a new position in shares of Cboe Global Markets during the first quarter valued at $29,000. Pandora Wealth Inc. bought a new stake in shares of Cboe Global Markets in the first quarter valued at about $45,000. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Cboe Global Markets in the second quarter valued at about $46,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CBOE. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Barclays lifted their price objective on shares of Cboe Global Markets from $264.00 to $273.00 and gave the company an “equal weight” rating in a report on Monday, November 3rd. Citigroup boosted their price objective on shares of Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $290.00 target price on shares of Cboe Global Markets in a research report on Monday, November 3rd. Finally, UBS Group lifted their price target on Cboe Global Markets from $255.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $243.38.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $256.62 on Monday. Cboe Global Markets, Inc. has a 1 year low of $187.30 and a 1 year high of $257.41. The firm has a market capitalization of $26.85 billion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42. 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 business has a fifty day moving average of $239.47 and a 200 day moving average of $235.34.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The company’s revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company earned $2.22 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.1%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets’s dividend payout ratio is 30.93%.

Cboe Global Markets 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.