VIRGINIA RETIREMENT SYSTEMS ET Al Grows Stock Position in Cboe Global Markets, Inc. $CBOE

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 40.1% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 322,990 shares of the company’s stock after acquiring an additional 92,400 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Cboe Global Markets were worth $79,213,000 at the end of the most recent quarter.

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

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $254.54 on Wednesday. The firm has a market capitalization of $26.64 billion, a P/E ratio of 35.25, a PEG ratio of 1.75 and a beta of 0.35. The stock has a 50-day simple moving average of $251.71 and a two-hundred day simple moving average of $243.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, topping 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%.The firm’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.22 EPS. On average, equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

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

Analysts Set New Price Targets

CBOE has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Morgan Stanley raised their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research note on Monday, December 22nd. Piper Sandler reaffirmed an “overweight” rating and set a $290.00 target price on shares of Cboe Global Markets in a report on Monday, November 3rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $246.62.

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.