Envestnet Portfolio Solutions Inc. Sells 3,414 Shares of Cboe Global Markets, Inc. $CBOE

Envestnet Portfolio Solutions Inc. trimmed its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 52.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,100 shares of the company’s stock after selling 3,414 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Cboe Global Markets were worth $760,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nadler Financial Group Inc. boosted its position in shares of Cboe Global Markets by 4.0% during the third quarter. Nadler Financial Group Inc. now owns 2,058 shares of the company’s stock valued at $505,000 after buying an additional 80 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in Cboe Global Markets by 93.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 9,196 shares of the company’s stock valued at $2,255,000 after acquiring an additional 4,449 shares during the period. Gouws Capital LLC boosted its holdings in shares of Cboe Global Markets by 1.5% during the 3rd quarter. Gouws Capital LLC now owns 29,566 shares of the company’s stock valued at $7,251,000 after acquiring an additional 426 shares during the last quarter. Covestor Ltd grew its stake in shares of Cboe Global Markets by 107.9% in the third quarter. Covestor Ltd now owns 264 shares of the company’s stock worth $65,000 after acquiring an additional 137 shares during the period. Finally, Andina Capital Management LLC grew its stake in shares of Cboe Global Markets by 3.6% in the third quarter. Andina Capital Management LLC now owns 2,439 shares of the company’s stock worth $598,000 after acquiring an additional 84 shares during the period. 82.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Morgan Stanley increased their price target on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a report on Monday, December 22nd. UBS Group raised their price target on Cboe Global Markets from $265.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Citigroup lifted their price objective on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $268.36.

Cboe Global Markets Trading Up 0.3%

NASDAQ:CBOE opened at $265.34 on Friday. Cboe Global Markets, Inc. has a one year low of $200.88 and a one year high of $279.33. The business has a fifty day moving average price of $258.21 and a 200-day moving average price of $248.21. The firm has a market capitalization of $27.77 billion, a price-to-earnings ratio of 36.75, 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 current ratio of 1.78 and a quick ratio of 1.39.

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 the consensus estimate 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 firm’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.22 earnings per share. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given 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 payout ratio is presently 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.