Investment Management Corp of Ontario Acquires 5,213 Shares of Cboe Global Markets, Inc. $CBOE

Investment Management Corp of Ontario lifted its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 177.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,144 shares of the company’s stock after buying an additional 5,213 shares during the quarter. Investment Management Corp of Ontario’s holdings in Cboe Global Markets were worth $1,899,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CBOE. Brighton Jones LLC lifted its position in shares of Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after purchasing an additional 100 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of Cboe Global Markets in the first quarter valued at approximately $258,000. Invesco Ltd. raised its position in Cboe Global Markets by 15.6% in the 1st quarter. Invesco Ltd. now owns 1,357,792 shares of the company’s stock worth $307,255,000 after purchasing an additional 182,725 shares during the last quarter. Nuveen LLC acquired a new position in Cboe Global Markets during the 1st quarter worth $74,789,000. Finally, Public Sector Pension Investment Board lifted its holdings in Cboe Global Markets by 3.0% during the 1st quarter. Public Sector Pension Investment Board now owns 27,975 shares of the company’s stock worth $6,330,000 after buying an additional 820 shares in the last quarter. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Trading Down 1.6%

CBOE opened at $249.06 on Thursday. The firm’s fifty day moving average is $248.15 and its two-hundred day moving average is $240.49. 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 cap of $26.06 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.75 and a beta of 0.35. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period last year, the business posted $2.22 earnings per share. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be issued a $0.72 dividend. This represents a dividend yield of 112.0%. The ex-dividend date is Friday, November 28th. Cboe Global Markets’s dividend payout ratio is 30.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CBOE shares. Loop Capital set a $310.00 target price on Cboe Global Markets in a research note on Wednesday. Morgan Stanley reiterated an “underweight” rating and issued a $221.00 price target on shares of Cboe Global Markets in a report on Wednesday, October 1st. UBS Group boosted their price objective on Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Keefe, Bruyette & Woods raised their target price on shares of 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. Finally, Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $245.15.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.