Bank of New York Mellon Corp Decreases Position in Cboe Global Markets, Inc. $CBOE

Bank of New York Mellon Corp decreased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 524,249 shares of the company’s stock after selling 17,984 shares during the period. Bank of New York Mellon Corp owned about 0.50% of Cboe Global Markets worth $128,572,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of 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 purchasing 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 worth $174,304,000 after buying an additional 23,358 shares during the period. Peak Financial Advisors LLC purchased a new position in shares of Cboe Global Markets during the third quarter worth about $2,074,000. Wealth Enhancement Advisory Services LLC increased its position in Cboe Global Markets by 557.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock valued at $9,070,000 after acquiring an additional 31,919 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in Cboe Global Markets by 11.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,181 shares of the company’s stock valued at $12,605,000 after acquiring an additional 5,362 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $265.06 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 52-week low of $200.88 and a 52-week high of $279.33. The company has a 50-day simple moving average of $258.46 and a 200-day simple moving average of $248.51. The company has a market capitalization of $27.74 billion, a PE ratio of 36.71, a P/E/G ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping 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%. During the same quarter last year, the company earned $2.22 EPS. The firm’s revenue for the quarter was up 13.8% on a year-over-year basis. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.72 dividend. This represents a yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 30.93%.

Analysts Set New Price Targets

A number of analysts have weighed in on CBOE shares. Loop Capital set a $281.00 price objective on Cboe Global Markets in a research report on Wednesday, January 14th. Barclays decreased their price target on Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Piper Sandler raised their target price on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $268.36.

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.