Archford Capital Strategies LLC Trims Stake in Cboe Global Markets, Inc. $CBOE

Archford Capital Strategies LLC lowered its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 65.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,215 shares of the company’s stock after selling 2,255 shares during the period. Archford Capital Strategies LLC’s holdings in Cboe Global Markets were worth $298,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Brighton Jones LLC grew 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 worth $213,000 after buying an additional 100 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Cboe Global Markets by 11.8% in the first quarter. The Manufacturers Life Insurance Company now owns 70,681 shares of the company’s stock valued at $15,994,000 after acquiring an additional 7,443 shares during the last quarter. Baird Financial Group Inc. raised its position in Cboe Global Markets by 1.0% during the first quarter. Baird Financial Group Inc. now owns 22,381 shares of the company’s stock valued at $5,065,000 after purchasing an additional 232 shares in the last quarter. DRW Securities LLC bought a new stake in Cboe Global Markets during the first quarter worth about $490,000. Finally, Nomura Holdings Inc. lifted its stake in Cboe Global Markets by 111.2% during the first quarter. Nomura Holdings Inc. now owns 3,293 shares of the company’s stock worth $745,000 after purchasing an additional 32,726 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Down 0.0%

Shares of NASDAQ:CBOE opened at $256.11 on Tuesday. The stock’s 50-day moving average is $251.29 and its 200 day moving average is $243.00. The company has a market cap of $26.80 billion, a PE ratio of 35.47, 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 1 year low of $187.30 and a 1 year high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping 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 quarterly revenue was up 13.8% compared to the same quarter last year. During the same period last year, the company posted $2.22 EPS. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Barclays lifted their target price on shares of Cboe Global Markets from $264.00 to $273.00 and gave the stock an “equal weight” rating in a research report on Monday, November 3rd. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Loop Capital set a $310.00 price objective on Cboe Global Markets in a research note on Wednesday, December 10th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $246.62.

Cboe Global Markets 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.