Cboe Global Markets, Inc. $CBOE Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC decreased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 342,751 shares of the company’s stock after selling 13,360 shares during the quarter. Parnassus Investments LLC’s holdings in Cboe Global Markets were worth $84,060,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. IHT Wealth Management LLC grew its position in Cboe Global Markets by 4.5% in the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after buying an additional 44 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in shares of Cboe Global Markets by 3.7% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock worth $294,000 after acquiring an additional 45 shares during the period. Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Cboe Global Markets by 3.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock valued at $349,000 after acquiring an additional 46 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Cboe Global Markets by 9.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company’s stock valued at $129,000 after acquiring an additional 49 shares during the period. Finally, Brown Advisory Inc. raised its holdings in Cboe Global Markets by 3.9% during the second quarter. Brown Advisory Inc. now owns 1,499 shares of the company’s stock worth $350,000 after purchasing an additional 56 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CBOE has been the topic of several research analyst reports. Barclays lowered their price target on Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating on the stock in a research report on Thursday. Loop Capital set a $295.00 price objective on shares of Cboe Global Markets in a research note on Thursday. Piper Sandler restated an “overweight” rating and set a $290.00 target price on shares of Cboe Global Markets in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Finally, UBS Group raised their price objective on Cboe Global Markets from $265.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $268.00.

Cboe Global Markets Price Performance

Shares of CBOE opened at $260.95 on Friday. The business’s 50-day moving average is $254.18 and its 200-day moving average is $244.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a market capitalization of $27.31 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, October 31st. The company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the prior year, the firm earned $2.22 EPS. Cboe Global Markets’s revenue was up 13.8% on a year-over-year basis. Equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a $0.72 dividend. This represents a yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio is presently 30.93%.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.