Rhumbline Advisers Increases Position in Cboe Global Markets, Inc. $CBOE

Rhumbline Advisers boosted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 227,373 shares of the company’s stock after acquiring an additional 2,780 shares during the period. Rhumbline Advisers owned 0.22% of Cboe Global Markets worth $55,763,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. increased its holdings in shares of Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock valued at $33,000 after purchasing an additional 55 shares during the period. Twin Peaks Wealth Advisors LLC purchased a new position in Cboe Global Markets in the 2nd quarter valued at $33,000. Headlands Technologies LLC purchased a new position in Cboe Global Markets in the 2nd quarter valued at $31,000. Dakota Community Bank & Trust NA acquired a new position in Cboe Global Markets in the 3rd quarter valued at $42,000. Finally, Root Financial Partners LLC purchased a new position in Cboe Global Markets during the 3rd quarter worth $51,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CBOE has been the topic of several analyst reports. TD Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Barclays raised their price objective on shares of Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group reaffirmed a “neutral” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a report on Monday. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $303.00 price target on shares of Cboe Global Markets in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $279.00.

Cboe Global Markets Trading Up 1.7%

Shares of CBOE stock opened at $275.11 on Friday. Cboe Global Markets, Inc. has a twelve month low of $200.88 and a twelve month high of $283.13. The company has a market capitalization of $28.79 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 1.75 and a beta of 0.36. The firm has a 50-day moving average price of $261.76 and a 200 day moving average price of $250.66. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, beating analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company’s revenue for the quarter was up 28.0% on a year-over-year basis. During the same period last year, the firm earned $2.10 earnings per share. Research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.72 dividend. 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 currently 27.64%.

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.