Cboe Global Markets, Inc. $CBOE Shares Bought by Truist Financial Corp

Truist Financial Corp boosted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 12.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,459 shares of the company’s stock after purchasing an additional 2,545 shares during the period. Truist Financial Corp’s holdings in Cboe Global Markets were worth $5,753,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter worth $33,000. Headlands Technologies LLC purchased a new stake in shares of Cboe Global Markets during the second quarter valued at $31,000. Dakota Community Bank & Trust NA acquired a new position in shares of Cboe Global Markets in the 3rd quarter valued at $42,000. Ameritas Advisory Services LLC purchased a new position in Cboe Global Markets in the 2nd quarter worth about $46,000. Finally, Root Financial Partners LLC acquired a new stake in Cboe Global Markets during the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Citigroup upped their price target on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. UBS Group boosted their price objective on shares of Cboe Global Markets from $265.00 to $280.00 and gave the company a “neutral” rating in a research report on Wednesday, January 7th. Finally, TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $268.36.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $268.41 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $28.09 billion, a PE ratio of 37.18, 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 $200.88 and a 12-month high of $279.33. The company has a 50 day moving average price of $258.89 and a two-hundred day moving average price of $248.99.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.72 dividend. This represents a dividend yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s 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.