Nicholas Investment Partners LP decreased its holdings in Cboe Global Markets Inc (NASDAQ:CBOE) by 28.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,228 shares of the financial services provider’s stock after selling 23,764 shares during the period. Nicholas Investment Partners LP owned about 0.05% of Cboe Global Markets worth $7,628,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of CBOE. Strs Ohio grew its holdings in Cboe Global Markets by 389.5% in the third quarter. Strs Ohio now owns 6,451 shares of the financial services provider’s stock worth $694,000 after purchasing an additional 5,133 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Cboe Global Markets by 6.1% in the third quarter. Nationwide Fund Advisors now owns 104,250 shares of the financial services provider’s stock worth $11,220,000 after acquiring an additional 6,036 shares during the period. Pictet Asset Management Ltd. raised its position in shares of Cboe Global Markets by 7.7% in the third quarter. Pictet Asset Management Ltd. now owns 52,140 shares of the financial services provider’s stock worth $5,612,000 after acquiring an additional 3,740 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in shares of Cboe Global Markets by 90.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 14,282 shares of the financial services provider’s stock worth $1,537,000 after acquiring an additional 6,780 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of Cboe Global Markets in the third quarter worth about $1,125,000. 84.03% of the stock is owned by institutional investors.
Several research firms recently weighed in on CBOE. Zacks Investment Research downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Deutsche Bank increased their price objective on shares of Cboe Global Markets from $127.00 to $128.00 and gave the stock a “buy” rating in a research report on Tuesday, March 6th. BidaskClub upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. UBS Group restated a “neutral” rating and issued a $127.00 price objective (up from $120.00) on shares of Cboe Global Markets in a report on Tuesday, March 6th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $128.00 price target (up from $120.00) on shares of Cboe Global Markets in a research note on Monday, March 5th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $120.09.
Cboe Global Markets Inc (CBOE) traded down $0.63 on Wednesday, reaching $119.29. 818,727 shares of the company traded hands, compared to its average volume of 1,672,246. The firm has a market capitalization of $13,530.00, a PE ratio of 64.13, a PEG ratio of 1.52 and a beta of 0.63. Cboe Global Markets Inc has a 1 year low of $78.31 and a 1 year high of $138.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.40.
Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, February 9th. The financial services provider reported $0.87 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.01). Cboe Global Markets had a return on equity of 12.74% and a net margin of 17.80%. The firm had revenue of $265.60 million during the quarter, compared to analyst estimates of $267.25 million. During the same period last year, the business earned $0.63 EPS. The firm’s revenue was up 85.7% on a year-over-year basis. sell-side analysts predict that Cboe Global Markets Inc will post 4.64 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Thursday, March 1st. Cboe Global Markets’s dividend payout ratio is presently 58.06%.
Cboe Global Markets declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, February 27th that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.
Cboe Global Markets Company Profile
Cboe Global Markets, Inc, formerly CBOE Holdings, Inc, is a holding company. The Company provides trading and investment solutions to investors around the world. It offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, United States and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the Cboe Volatility Index (VIX Index).
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