ProShare Advisors LLC Has $6.75 Million Stake in Cboe Global Markets, Inc. $CBOE

ProShare Advisors LLC lowered its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,519 shares of the company’s stock after selling 1,939 shares during the quarter. ProShare Advisors LLC’s holdings in Cboe Global Markets were worth $6,749,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bank of Montreal Can grew its position in Cboe Global Markets by 19.1% during the 2nd 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 boosted its stake in shares of Cboe Global Markets by 3.4% during the third quarter. Nordea Investment Management AB now owns 709,997 shares of the company’s stock valued at $174,304,000 after purchasing an additional 23,358 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cboe Global Markets by 557.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock valued at $9,070,000 after purchasing an additional 31,919 shares in the last quarter. Peak Financial Advisors LLC bought a new stake in shares of Cboe Global Markets during the third quarter worth about $2,074,000. Finally, Stevens Capital Management LP acquired a new position in shares of Cboe Global Markets in the second quarter valued at approximately $531,000. 82.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several recent research reports. 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. Citigroup raised 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 note on Monday, November 3rd. Loop Capital set a $317.00 price objective on shares of Cboe Global Markets in a research note on Monday. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a report on Monday, November 3rd. Finally, UBS Group reaffirmed a “neutral” rating and set a $290.00 target price on shares of Cboe Global Markets in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $279.00.

Cboe Global Markets Stock Up 0.7%

Shares of NASDAQ CBOE opened at $270.60 on Friday. The company’s 50 day moving average price is $261.31 and its 200-day moving average price is $250.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 52-week low of $200.88 and a 52-week high of $283.13. The company has a market capitalization of $28.32 billion, a P/E ratio of 37.48, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share 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%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.10 earnings per share. Equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed 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 (DPR) is 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.