Candriam S.C.A. Raises Position in Cboe Global Markets, Inc. $CBOE

Candriam S.C.A. raised its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 91.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 89,839 shares of the company’s stock after acquiring an additional 42,984 shares during the period. Candriam S.C.A.’s holdings in Cboe Global Markets were worth $22,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $324,234,000. Alliancebernstein L.P. raised its position in Cboe Global Markets by 4.1% in the 2nd quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock worth $2,298,185,000 after buying an additional 390,034 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Cboe Global Markets by 27.3% during 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 last quarter. Man Group plc boosted its stake in shares of Cboe Global Markets by 106.5% in the 2nd quarter. Man Group plc now owns 546,734 shares of the company’s stock worth $127,504,000 after buying an additional 281,939 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Cboe Global Markets in the second quarter worth about $53,776,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 2.7%

Shares of CBOE opened at $280.63 on Tuesday. The firm has a market cap of $29.37 billion, a P/E ratio of 38.87, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a 50 day simple moving average of $260.31 and a two-hundred day simple moving average of $249.96. Cboe Global Markets, Inc. has a 1 year low of $200.88 and a 1 year high of $280.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, February 6th. The company reported $3.06 EPS for the quarter, topping the consensus estimate of $2.95 by $0.11. 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 company posted $2.10 EPS. The business’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.72 dividend. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 112.0%. Cboe Global Markets’s payout ratio is 27.64%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. UBS Group reissued a “neutral” rating and set a $290.00 price objective on shares of Cboe Global Markets in a research report on Monday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Royal Bank Of Canada reissued a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a report on Monday. Finally, Barclays upped their price target on Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $279.00.

Cboe Global Markets Profile

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.