Federated Hermes Inc. Decreases Position in Cboe Global Markets, Inc. $CBOE

Federated Hermes Inc. reduced its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,551 shares of the company’s stock after selling 2,079 shares during the period. Federated Hermes Inc. owned 0.05% of Cboe Global Markets worth $13,188,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Missouri Trust & Investment Co acquired a new position in Cboe Global Markets in the 2nd quarter valued at $26,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Cboe Global Markets during the second quarter worth $33,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cboe Global Markets in the second quarter valued at about $46,000. Spire Wealth Management boosted its position in Cboe Global Markets by 61.5% during the second quarter. Spire Wealth Management now owns 239 shares of the company’s stock worth $56,000 after acquiring an additional 91 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Cboe Global Markets during the first quarter worth about $70,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Trading Down 1.6%

NASDAQ CBOE opened at $249.06 on Thursday. 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 stock has a market capitalization of $26.06 billion, a P/E ratio of 34.50, a PEG ratio of 1.75 and a beta of 0.35. The firm’s 50-day moving average is $248.15 and its two-hundred day moving average is $240.49. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.22 EPS. On average, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on CBOE. Piper Sandler reissued an “overweight” rating and issued a $290.00 target price on shares of Cboe Global Markets in a research note on Monday, November 3rd. Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Loop Capital set a $310.00 price target on Cboe Global Markets in a report on Wednesday. Finally, Citigroup boosted their price target on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research 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 given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $245.15.

About Cboe Global Markets

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.