Burney Co. Sells 21,075 Shares of Cboe Global Markets, Inc. $CBOE

Burney Co. cut its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 16.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,621 shares of the company’s stock after selling 21,075 shares during the quarter. Cboe Global Markets comprises about 0.9% of Burney Co.’s holdings, making the stock its 22nd largest position. Burney Co. owned about 0.10% of Cboe Global Markets worth $26,885,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CBOE. Brighton Jones LLC raised its stake in Cboe Global Markets by 10.1% in the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after acquiring an additional 100 shares during the period. CreativeOne Wealth LLC increased its stake in shares of Cboe Global Markets by 6.5% in the first quarter. CreativeOne Wealth LLC now owns 5,416 shares of the company’s stock worth $1,225,000 after purchasing an additional 332 shares in the last quarter. B. Metzler seel. Sohn & Co. AG raised its position in shares of Cboe Global Markets by 44.9% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 3,811 shares of the company’s stock valued at $862,000 after purchasing an additional 1,181 shares during the period. BNP Paribas Financial Markets raised its position in shares of Cboe Global Markets by 29.7% in the first quarter. BNP Paribas Financial Markets now owns 462,108 shares of the company’s stock valued at $104,570,000 after purchasing an additional 105,920 shares during the period. Finally, Tema Etfs LLC purchased a new stake in shares of Cboe Global Markets during the 1st quarter valued at approximately $537,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

CBOE stock opened at $256.15 on Friday. The firm has a 50 day simple moving average of $250.91 and a two-hundred day simple moving average of $242.50. The stock has a market cap of $26.80 billion, a PE ratio of 35.48, a P/E/G ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $262.98. 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 (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 net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the firm earned $2.22 earnings per share. Cboe Global Markets’s revenue for the quarter was up 13.8% compared to the same quarter last year. On average, analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a dividend of $0.72 per share. This represents a dividend yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 30.93%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CBOE shares. Piper Sandler reiterated an “overweight” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a research note on Monday, November 3rd. Loop Capital set a $310.00 price target on Cboe Global Markets in a research report on Wednesday, December 10th. Morgan Stanley boosted their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday. UBS Group raised their target price on Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Barclays upped their price target on Cboe Global Markets from $264.00 to $273.00 and gave the company an “equal weight” rating 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 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 $246.62.

Cboe Global Markets Company Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.