Cboe Global Markets, Inc. $CBOE Shares Bought by Solidarity Wealth LLC

Solidarity Wealth LLC lifted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 62.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,310 shares of the company’s stock after purchasing an additional 10,899 shares during the quarter. Cboe Global Markets comprises about 1.5% of Solidarity Wealth LLC’s holdings, making the stock its 21st biggest holding. Solidarity Wealth LLC’s holdings in Cboe Global Markets were worth $6,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CBOE. Vanguard Group Inc. increased its stake in Cboe Global Markets by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock worth $2,992,793,000 after buying an additional 195,086 shares during the period. Alliancebernstein L.P. increased its position in shares of Cboe Global Markets by 4.1% during the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock worth $2,298,185,000 after acquiring an additional 390,034 shares during the period. State Street Corp increased its position in shares of Cboe Global Markets by 1.7% during the second quarter. State Street Corp now owns 4,895,467 shares of the company’s stock worth $1,141,672,000 after acquiring an additional 81,432 shares during the period. Geode Capital Management LLC raised its stake in shares of Cboe Global Markets by 1.8% in the second quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company’s stock valued at $664,186,000 after acquiring an additional 51,873 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in 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 purchasing an additional 370,223 shares during the period. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent research reports. Citigroup upped their price target on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Barclays cut their target price on shares of Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating on the stock in a research note on Thursday. UBS Group lifted their price target on shares of Cboe Global Markets from $265.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Finally, Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $268.00.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $260.95 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week high of $262.98. The firm’s 50 day moving average is $254.18 and its two-hundred day moving average is $244.57. The firm has a market capitalization of $27.31 billion, a P/E ratio of 36.14, a P/E/G ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $2.22 earnings per share. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 112.0%. Cboe Global Markets’s dividend payout ratio (DPR) 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.