Longbow Finance SA Purchases New Stake in Cboe Global Markets, Inc. $CBOE

Longbow Finance SA acquired a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 57,153 shares of the company’s stock, valued at approximately $14,017,000. Cboe Global Markets accounts for approximately 1.4% of Longbow Finance SA’s investment portfolio, making the stock its 17th biggest position. Longbow Finance SA owned approximately 0.05% of Cboe Global Markets at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Headlands Technologies LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in Cboe Global Markets in the second quarter valued at approximately $33,000. Physician Wealth Advisors Inc. lifted its holdings in shares of Cboe Global Markets by 70.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 55 shares during the last quarter. Dakota Community Bank & Trust NA acquired a new position in Cboe Global Markets during the 3rd quarter valued at approximately $42,000. Finally, Assetmark Inc. grew 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 buying an additional 127 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Piper Sandler raised their target price on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Citigroup upped their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $279.00.

Cboe Global Markets Stock Up 0.7%

CBOE stock opened at $270.60 on Friday. 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 price-to-earnings ratio of 37.48, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The firm’s 50-day moving average is $261.31 and its two-hundred day moving average is $250.42. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping 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%.Cboe Global Markets’s revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 earnings per share. On average, analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal 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 dividend of $0.72 per share. The ex-dividend date 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.