JPMorgan Chase & Co. Has $87.64 Million Stake in Cboe Global Markets, Inc. $CBOE

JPMorgan Chase & Co. lifted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 20.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 357,333 shares of the company’s stock after purchasing an additional 61,892 shares during the period. JPMorgan Chase & Co.’s holdings in Cboe Global Markets were worth $87,642,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Headlands Technologies LLC bought a new position in Cboe Global Markets in the 2nd quarter valued at $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets during the second quarter valued at $33,000. Physician Wealth Advisors Inc. lifted its stake in shares of Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after acquiring an additional 55 shares during the period. Dakota Community Bank & Trust NA bought a new position in Cboe Global Markets in the third quarter valued at about $42,000. Finally, Assetmark Inc. boosted its stake in Cboe Global Markets by 195.4% during the 3rd quarter. Assetmark Inc. now owns 192 shares of the company’s stock worth $47,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

Insider Activity

In related news, Director Edward J. Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the sale, the director directly owned 12,921 shares in the company, valued at approximately $3,693,726.27. This trade represents a 23.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director directly owned 4,761 shares in the company, valued at approximately $1,358,598.96. This trade represents a 23.96% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on CBOE shares. UBS Group reaffirmed a “neutral” rating and issued a $290.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. Keefe, Bruyette & Woods upped their price objective 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. Morgan Stanley raised their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research note on Monday, December 22nd. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $279.00.

Cboe Global Markets Stock Performance

CBOE opened at $290.11 on Tuesday. The business’s 50-day simple moving average is $265.83 and its 200 day simple moving average is $252.37. Cboe Global Markets, Inc. has a 52-week low of $200.88 and a 52-week high of $293.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm has a market capitalization of $30.36 billion, a PE ratio of 40.18, a PEG ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The business’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.10 earnings per share. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company 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. This represents a dividend yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio is presently 27.64%.

Cboe Global Markets Company 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.