Sumitomo Mitsui Trust Group Inc. Cuts Stake in Cboe Global Markets, Inc. $CBOE

Sumitomo Mitsui Trust Group Inc. lessened its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 0.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,520 shares of the company’s stock after selling 1,884 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Cboe Global Markets were worth $70,024,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Missouri Trust & Investment Co bought a new position in shares of Cboe Global Markets during the second quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in Cboe Global Markets during the 2nd quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC bought a new position in Cboe Global Markets during the 2nd quarter worth approximately $33,000. Dakota Community Bank & Trust NA purchased a new position in Cboe Global Markets in the 3rd quarter worth approximately $42,000. Finally, Ameritas Advisory Services LLC bought a new stake in Cboe Global Markets in the second quarter valued at approximately $46,000. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Stock Up 0.8%

Shares of NASDAQ CBOE opened at $268.81 on Thursday. The firm has a fifty day simple moving average of $255.20 and a two-hundred day simple moving average of $245.36. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $268.86. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $28.13 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 business posted $2.22 EPS. Cboe Global Markets’s revenue was up 13.8% on a year-over-year basis. Equities analysts expect 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 announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.72 per share. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 112.0%. Cboe Global Markets’s dividend payout ratio is 30.93%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Cowen restated a “hold” rating on shares of Cboe Global Markets in a report on Wednesday. TD Cowen raised their price target on shares of Cboe Global Markets from $274.00 to $281.00 and gave the stock a “hold” rating in a report on Wednesday. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Loop Capital set a $281.00 target price on shares of Cboe Global Markets in a report on Wednesday. Finally, Piper Sandler raised their target price on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $268.36.

About Cboe Global Markets

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.