6,276 Cboe Global Markets, Inc. $CBOE Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA reduced its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 9.6% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,811 shares of the company’s stock after selling 6,276 shares during the quarter. Pictet Asset Management Holding SA owned 0.06% of Cboe Global Markets worth $16,190,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CBOE. Ashton Thomas Private Wealth LLC raised its holdings in Cboe Global Markets by 1.1% in the third quarter. Ashton Thomas Private Wealth LLC now owns 2,914 shares of the company’s stock worth $802,000 after buying an additional 32 shares during the last quarter. Net Worth Advisory Group grew its holdings in shares of Cboe Global Markets by 3.9% during the third quarter. Net Worth Advisory Group now owns 906 shares of the company’s stock valued at $251,000 after buying an additional 34 shares during the last quarter. Verus Capital Partners LLC grew its holdings in shares of Cboe Global Markets by 2.6% during the third quarter. Verus Capital Partners LLC now owns 1,395 shares of the company’s stock valued at $384,000 after buying an additional 35 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Cboe Global Markets by 4.7% during the first quarter. Arkadios Wealth Advisors now owns 905 shares of the company’s stock valued at $254,000 after buying an additional 41 shares during the last quarter. Finally, Centaurus Financial Inc. increased its position in shares of Cboe Global Markets by 1.0% during the first quarter. Centaurus Financial Inc. now owns 4,048 shares of the company’s stock valued at $1,138,000 after acquiring an additional 42 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on shares of Cboe Global Markets from $303.00 to $360.00 and gave the stock a “sector perform” rating in a report on Friday, October 30th. TD Cowen increased their target price on Cboe Global Markets from $342.00 to $417.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. JPMorgan Chase & Co. lifted their target price on Cboe Global Markets from $288.00 to $332.00 and gave the stock an “underweight” rating in a report on Wednesday, October 28th. Barclays lifted their target price on Cboe Global Markets from $343.00 to $392.00 and gave the stock an “overweight” rating in a report on Monday, November 2nd. Finally, Deutsche Bank restated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average target price of $363.00.

Cboe Global Markets Stock Down 0.1%

Shares of Cboe Global Markets stock opened at $368.89 on Friday. The company has a market cap of $39.13 billion, a price-to-earnings ratio of 190.15 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $378.35. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company’s 50 day moving average is $303.50 and its 200 day moving average is $295.62.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, October 30th. The company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.43 by $0.20. The company had revenue of $712.20 million during the quarter, compared to analyst estimates of $705.22 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.67 earnings per share. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Cboe Global Markets declared that its Board of Directors has initiated a share buyback plan on Thursday, October 22nd that authorizes the company to repurchase $550 million in shares. This buyback authorization authorizes the company to buy up to 1.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Profile

Cboe Global Markets, Inc., through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.