Commonwealth Equity Services LLC Grows Position in Cboe Global Markets, Inc. $CBOE

Commonwealth Equity Services LLC boosted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 49.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 36,731 shares of the company’s stock after acquiring an additional 12,094 shares during the period. Commonwealth Equity Services LLC’s holdings in Cboe Global Markets were worth $9,008,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new stake in Cboe Global Markets during the 2nd quarter worth $324,234,000. Alliancebernstein L.P. grew its position in shares of Cboe Global Markets by 4.1% during the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock worth $2,298,185,000 after acquiring an additional 390,034 shares during the last quarter. Invesco Ltd. grew its holdings in Cboe Global Markets by 27.3% in the 2nd quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock worth $402,990,000 after buying an additional 370,223 shares in the last quarter. Man Group plc increased its stake in Cboe Global Markets by 106.5% during the 2nd quarter. Man Group plc now owns 546,734 shares of the company’s stock valued at $127,504,000 after buying an additional 281,939 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth $53,776,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBOE has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. Barclays decreased their price objective on shares of Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating for the company in a report on Thursday. Keefe, Bruyette & Woods increased their price target on Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, November 3rd. Finally, Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Four investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $268.00.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE opened at $263.97 on Tuesday. The stock has a 50 day moving average price of $254.52 and a 200 day moving average price of $244.93. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week high of $264.50. The stock has a market capitalization of $27.62 billion, a PE ratio of 36.56, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results 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%.During the same quarter last year, the firm posted $2.22 EPS. Cboe Global Markets’s revenue was up 13.8% compared to the same quarter last year. Analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

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

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.