Federated Hermes Inc. Acquires 2,296 Shares of Cboe Global Markets, Inc. $CBOE

Federated Hermes Inc. increased its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 4.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,847 shares of the company’s stock after purchasing an additional 2,296 shares during the period. Federated Hermes Inc.’s holdings in Cboe Global Markets were worth $14,432,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Truist Financial Corp raised its stake in Cboe Global Markets by 12.2% in the third quarter. Truist Financial Corp now owns 23,459 shares of the company’s stock worth $5,753,000 after buying an additional 2,545 shares in the last quarter. Markel Group Inc. increased its holdings in shares of Cboe Global Markets by 50.0% in the 3rd quarter. Markel Group Inc. now owns 28,500 shares of the company’s stock valued at $6,990,000 after acquiring an additional 9,500 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of Cboe Global Markets by 7.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 11,159 shares of the company’s stock valued at $2,741,000 after acquiring an additional 732 shares during the period. AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Cboe Global Markets in the 3rd quarter worth $541,000. Finally, EWA LLC purchased a new stake in shares of Cboe Global Markets during the 3rd quarter worth $205,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $265.06 on Friday. The company has a 50 day moving average price of $258.46 and a 200 day moving average price of $248.51. The firm has a market capitalization of $27.74 billion, a P/E ratio of 36.71, a PEG ratio of 1.75 and a beta of 0.36. 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 $200.88 and a 52 week high of $279.33.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, October 31st. The company reported $2.67 earnings per share 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%. The business’s revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.22 EPS. Sell-side analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on CBOE. Morgan Stanley raised their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research report on Monday, December 22nd. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. Keefe, Bruyette & Woods increased their target price on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Finally, UBS Group raised their target price on shares of Cboe Global Markets from $265.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, January 7th. Four investment 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.com, the stock has a consensus rating of “Hold” and an average price target of $268.36.

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.