Bahl & Gaynor LLC lowered its stake in Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 2.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 501,710 shares of the company’s stock after selling 14,263 shares during the quarter. Bahl & Gaynor LLC’s holdings in Cboe Global Markets were worth $138,116,000 as of its most recent filing with the SEC.
A number of other large investors have also modified their holdings of CBOE. Emerald Investment Advisers LLC purchased a new stake in shares of Cboe Global Markets during the second quarter valued at approximately $3,686,000. Danske Bank A S acquired a new position in shares of Cboe Global Markets during the second quarter worth $658,000. Quantitative Investment Management LLC purchased a new position in shares of Cboe Global Markets in the second quarter valued at $1,636,000. Bleakley Financial Group LLC purchased a new position in shares of Cboe Global Markets in the first quarter valued at $3,831,000. Finally, Integrated Wealth Concepts LLC boosted its stake in shares of Cboe Global Markets by 316.8% in the second quarter. Integrated Wealth Concepts LLC now owns 8,681 shares of the company’s stock valued at $2,107,000 after purchasing an additional 6,598 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on CBOE shares. Piper Sandler lowered their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. TD Cowen raised their target price on Cboe Global Markets from $342.00 to $417.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Finally, Loop Capital set a $332.00 target price on Cboe Global Markets in a research report on Wednesday, October 28th. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $363.00.
Check Out Our Latest Report on CBOE
Cboe Global Markets Stock Performance
Cboe Global Markets stock opened at $364.81 on Wednesday. The stock has a market cap of $38.69 billion, a P/E ratio of 188.05 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a 50 day moving average of $300.77 and a 200-day moving average of $294.66. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18.
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings results on Friday, October 30th. The company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.20. The business had revenue of $712.20 million during the quarter, compared to the consensus estimate of $705.22 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.67 earnings per share. On average, analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.
Cboe Global Markets Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s dividend payout ratio is 98.97%.
Cboe Global Markets announced that its board has authorized a stock buyback program on Thursday, October 22nd that authorizes the company to repurchase $550 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.6% of its stock through open market purchases. Share repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
Cboe Global Markets Company Profile
Cboe Global Markets, Inc., through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.
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