Arrowstreet Capital Limited Partnership Sells 27,531 Shares of Cboe Global Markets, Inc. $CBOE

Arrowstreet Capital Limited Partnership lessened its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 7.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 324,616 shares of the company’s stock after selling 27,531 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.31% of Cboe Global Markets worth $75,704,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake 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 purchasing an additional 195,086 shares in the last quarter. Alliancebernstein L.P. increased its holdings in shares of Cboe Global Markets by 23.1% during the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock worth $2,141,730,000 after purchasing an additional 1,779,048 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Cboe Global Markets by 1.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company’s stock valued at $920,827,000 after buying an additional 54,054 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cboe Global Markets by 1.8% in the second quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company’s stock valued at $664,186,000 after buying an additional 51,873 shares during the period. Finally, Norges Bank bought a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $324,234,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on CBOE shares. Citigroup raised their price objective on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Loop Capital set a $287.00 price target on Cboe Global Markets 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 research note on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating and set a $221.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, October 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $243.38.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $254.92 on Friday. The company’s 50 day moving average price is $247.52 and its two-hundred day moving average price is $239.72. The firm has a market capitalization of $26.68 billion, a P/E ratio of 35.31, 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 fifty-two week low of $187.30 and a fifty-two week high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly 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%.During the same period in the previous year, the business posted $2.22 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid 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.