Lazard Asset Management LLC Increases Stock Position in Cboe Global Markets, Inc. $CBOE

Lazard Asset Management LLC grew its holdings in Cboe Global Markets, Inc. (BATS:CBOEFree Report) by 770.1% during the 1st quarter, Holdings Channel reports. The firm owned 35,334 shares of the company’s stock after buying an additional 31,273 shares during the period. Lazard Asset Management LLC’s holdings in Cboe Global Markets were worth $9,931,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Cboe Global Markets by 13.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock valued at $14,686,000 after acquiring an additional 7,012 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Cboe Global Markets by 36.6% in the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock valued at $2,921,000 after purchasing an additional 3,119 shares in the last quarter. Brindle & Bay Financial Advisors LLC acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth about $735,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Cboe Global Markets by 3.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 453,753 shares of the company’s stock worth $113,892,000 after buying an additional 15,648 shares in the last quarter. Finally, Bleakley Financial Group LLC purchased a new stake in shares of Cboe Global Markets during the first quarter worth about $3,831,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CBOE shares. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. TD Cowen boosted their price target on Cboe Global Markets from $259.00 to $304.00 and gave the company a “hold” rating in a report on Monday, July 20th. Morgan Stanley reissued an “underweight” rating and set a $258.00 price target on shares of Cboe Global Markets in a research note on Friday, July 10th. Barclays decreased their price objective on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a report on Thursday, July 9th. Finally, Loop Capital set a $288.00 price objective on Cboe Global Markets in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $300.73.

View Our Latest Stock Analysis on CBOE

Cboe Global Markets Price Performance

CBOE opened at $307.81 on Thursday. The company’s 50 day simple moving average is $282.07 and its 200 day simple moving average is $290.12. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The stock has a market capitalization of $32.65 billion, a PE ratio of 158.67 and a beta of 0.61.

Cboe Global Markets (BATS:CBOEGet Free Report) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. During the same quarter in the prior year, the business posted $2.50 earnings per share. Cboe Global Markets’s revenue for the quarter was up 29.0% compared to the same quarter last year. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 0.9%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Profile

(Free Report)

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.

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. (BATS:CBOEFree Report).

Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.