Gilder Gagnon Howe & Co. LLC reduced its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 9.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,847 shares of the company’s stock after selling 25,044 shares during the period. Gilder Gagnon Howe & Co. LLC owned 0.22% of Cboe Global Markets worth $52,903,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Alliancebernstein L.P. increased its position in shares of Cboe Global Markets by 23.1% during the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock worth $2,141,730,000 after purchasing an additional 1,779,048 shares in the last quarter. Norges Bank acquired a new stake in Cboe Global Markets during the 2nd quarter worth $324,234,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Cboe Global Markets by 400.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock worth $241,580,000 after buying an additional 854,325 shares in the last quarter. Invesco Ltd. raised its position in shares of Cboe Global Markets by 27.3% in the second quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock valued at $402,990,000 after buying an additional 370,223 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cboe Global Markets in the second quarter worth about $53,776,000. 82.67% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on CBOE shares. Morgan Stanley restated an “underweight” rating and set a $221.00 price target on shares of Cboe Global Markets in a research report on Wednesday, October 1st. UBS Group boosted their target price on Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Loop Capital set a $310.00 price target on Cboe Global Markets in a report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Finally, Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $245.15.
View Our Latest Research Report on Cboe Global Markets
Cboe Global Markets Price Performance
CBOE stock opened at $253.02 on Friday. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $262.98. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a market cap of $26.48 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The business has a fifty day moving average of $248.61 and a two-hundred day moving average of $240.71.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last released its quarterly 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%.The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.22 earnings per share. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.
Cboe Global Markets Dividend Announcement
The business also recently announced a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.72 per share. This represents a yield of 112.0%. The ex-dividend date of this dividend is Friday, November 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 30.93%.
About Cboe Global Markets
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.
See Also
Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report).
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