Alliancebernstein L.P. grew its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 4.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,854,571 shares of the company’s stock after buying an additional 390,034 shares during the quarter. Cboe Global Markets accounts for approximately 0.7% of Alliancebernstein L.P.’s holdings, making the stock its 18th biggest holding. Alliancebernstein L.P. owned 9.42% of Cboe Global Markets worth $2,298,185,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the business. Missouri Trust & Investment Co acquired a new stake in shares of Cboe Global Markets during the second quarter worth approximately $26,000. Twin Peaks Wealth Advisors LLC bought a new stake in Cboe Global Markets during the 2nd quarter worth approximately $33,000. Ameritas Advisory Services LLC acquired a new stake in Cboe Global Markets during the 2nd quarter valued at $46,000. Spire Wealth Management raised its position in Cboe Global Markets by 61.5% in the 2nd quarter. Spire Wealth Management now owns 239 shares of the company’s stock valued at $56,000 after purchasing an additional 91 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Cboe Global Markets in the first quarter worth $70,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.
Cboe Global Markets Price Performance
NASDAQ CBOE opened at $251.10 on Friday. 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, Inc. has a 52-week low of $187.30 and a 52-week high of $262.98. The business has a 50 day simple moving average of $248.34 and a 200 day simple moving average of $240.56. The stock has a market cap of $26.28 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 1.75 and a beta of 0.35.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last posted its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping 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%.During the same quarter in the previous year, the company earned $2.22 earnings per share. The firm’s revenue was up 13.8% compared to the same quarter last year. Analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.
Cboe Global Markets Dividend Announcement
The business also recently declared a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.72 dividend. The ex-dividend date is Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s dividend payout ratio is 30.93%.
Analysts Set New Price Targets
CBOE has been the subject of several research reports. Morgan Stanley restated an “underweight” rating and issued a $221.00 price objective on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Zacks Research raised shares of 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 objective on shares of Cboe Global Markets in a research report on Wednesday. Citigroup upped 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, Barclays lifted their target price on Cboe Global Markets from $264.00 to $273.00 and gave the company an “equal weight” rating in a research note on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $245.15.
Read Our Latest Analysis on Cboe Global Markets
Cboe Global Markets Profile
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.
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