Gateway Investment Advisers LLC Trims Holdings in Cboe Global Markets, Inc. $CBOE

Gateway Investment Advisers LLC lowered its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 78.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 834 shares of the company’s stock after selling 3,012 shares during the period. Gateway Investment Advisers LLC’s holdings in Cboe Global Markets were worth $205,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CBOE. IHT Wealth Management LLC raised its holdings in shares of Cboe Global Markets by 4.5% in the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after buying an additional 44 shares during the last quarter. Apollon Wealth Management LLC grew its holdings in shares of Cboe Global Markets by 3.7% during the second quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock worth $294,000 after buying an additional 45 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Cboe Global Markets by 3.2% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock valued at $349,000 after acquiring an additional 46 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in Cboe Global Markets by 9.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company’s stock valued at $129,000 after acquiring an additional 49 shares during the period. Finally, Brown Advisory Inc. raised its stake in Cboe Global Markets by 3.9% during the 2nd quarter. Brown Advisory Inc. now owns 1,499 shares of the company’s stock valued at $350,000 after acquiring an additional 56 shares during the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Down 0.8%

Shares of CBOE stock opened at $250.09 on Wednesday. The business’s fifty day moving average price is $252.96 and its 200 day moving average price is $244.06. The firm has a market capitalization of $26.17 billion, a PE ratio of 34.64, a P/E/G ratio of 1.75 and a beta of 0.36. 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, Inc. has a 1-year low of $187.30 and a 1-year high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period in the prior year, the company earned $2.22 earnings per share. The company’s quarterly revenue was up 13.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.72 per share. This represents a yield of 112.0%. The ex-dividend date was Friday, November 28th. Cboe Global Markets’s dividend payout ratio is presently 30.93%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CBOE. Keefe, Bruyette & Woods lifted their target price on 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. Piper Sandler reiterated an “overweight” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a research report on Monday, November 3rd. UBS Group boosted their price objective on shares of Cboe Global Markets from $255.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Citigroup raised 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 note on Monday, November 3rd. Finally, Loop Capital set a $310.00 target price on shares of Cboe Global Markets in a report on Wednesday, December 10th. Three investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $258.91.

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.