Arvest Bank Trust Division Takes Position in Cboe Global Markets, Inc. $CBOE

Arvest Bank Trust Division bought a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 23,494 shares of the company’s stock, valued at approximately $5,479,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiera Capital Corp grew its stake in shares of Cboe Global Markets by 6.9% during the second quarter. Fiera Capital Corp now owns 1,912 shares of the company’s stock worth $446,000 after acquiring an additional 123 shares during the last quarter. ABN Amro Investment Solutions acquired a new stake in Cboe Global Markets in the 2nd quarter worth approximately $5,688,000. Candriam S.C.A. grew its position in Cboe Global Markets by 148.5% during the 2nd quarter. Candriam S.C.A. now owns 46,855 shares of the company’s stock worth $10,928,000 after purchasing an additional 27,998 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in Cboe Global Markets by 4.1% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 15,975 shares of the company’s stock worth $3,726,000 after purchasing an additional 628 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Cboe Global Markets by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company’s stock valued at $664,186,000 after purchasing an additional 51,873 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Loop Capital set a $287.00 price objective on shares of Cboe Global Markets in a report on Monday, November 3rd. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Piper Sandler reissued an “overweight” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a report on Monday, November 3rd. 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $243.38.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $259.95 on Friday. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $262.98. 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 stock has a market cap of $27.20 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42. The business has a 50-day simple moving average of $241.51 and a 200-day simple moving average of $236.33.

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

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.