Cboe Global Markets, Inc. $CBOE Shares Purchased by Vest Financial LLC

Vest Financial LLC increased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 25.7% during the third quarter, Holdings Channel reports. The institutional investor owned 24,929 shares of the company’s stock after acquiring an additional 5,100 shares during the period. Vest Financial LLC’s holdings in Cboe Global Markets were worth $6,114,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CBOE. Bank of Montreal Can raised its holdings in shares of Cboe Global Markets by 19.1% in the second quarter. Bank of Montreal Can now owns 241,995 shares of the company’s stock worth $56,436,000 after acquiring an additional 38,872 shares during the last quarter. Nordea Investment Management AB increased its position in Cboe Global Markets by 3.4% during the 3rd quarter. Nordea Investment Management AB now owns 709,997 shares of the company’s stock worth $174,304,000 after purchasing an additional 23,358 shares in the last quarter. Peak Financial Advisors LLC acquired a new position in Cboe Global Markets in the 3rd quarter valued at about $2,074,000. Yousif Capital Management LLC raised its stake in Cboe Global Markets by 24.2% in the 2nd quarter. Yousif Capital Management LLC now owns 16,540 shares of the company’s stock valued at $3,857,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new position in Cboe Global Markets in the 2nd quarter valued at about $531,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CBOE. 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 report on Wednesday, January 7th. Morgan Stanley boosted their price target on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Loop Capital set a $281.00 price objective on Cboe Global Markets in a research report on Wednesday, January 14th. Finally, Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $268.36.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $273.07 on Thursday. The company has a market cap of $28.58 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a 12 month low of $195.16 and a 12 month high of $276.47. 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 stock’s 50-day moving average is $256.68 and its 200-day moving average is $246.79.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $2.22 earnings per share. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. Equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.72 dividend. 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 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.