Vinva Investment Management Ltd Buys 6,081 Shares of Cboe Global Markets, Inc. $CBOE

Vinva Investment Management Ltd grew its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 20.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,557 shares of the company’s stock after buying an additional 6,081 shares during the period. Vinva Investment Management Ltd’s holdings in Cboe Global Markets were worth $9,002,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Cboe Global Markets by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock worth $2,992,793,000 after purchasing an additional 195,086 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Cboe Global Markets by 4.1% during the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after purchasing an additional 390,034 shares during the last quarter. State Street Corp grew its holdings in Cboe Global Markets by 1.7% during the second quarter. State Street Corp now owns 4,895,467 shares of the company’s stock valued at $1,141,672,000 after purchasing an additional 81,432 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Cboe Global Markets by 1.8% in the second quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company’s stock valued at $664,186,000 after purchasing an additional 51,873 shares during the period. Finally, Invesco Ltd. raised its position in shares of Cboe Global Markets by 27.3% in the second quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock valued at $402,990,000 after purchasing an additional 370,223 shares during the period. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Up 1.3%

CBOE opened at $301.27 on Monday. The business has a 50 day moving average of $273.94 and a 200-day moving average of $255.48. The stock has a market capitalization of $31.53 billion, a price-to-earnings ratio of 41.73, a P/E/G ratio of 1.75 and a beta of 0.33. 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, Inc. has a 1-year low of $200.88 and a 1-year high of $305.68.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping 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%. Cboe Global Markets’s revenue was up 28.0% on a year-over-year basis. During the same quarter last year, the company earned $2.10 EPS. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, February 27th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 27.64%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a report on Monday, February 9th. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Piper Sandler boosted 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 report on Wednesday, January 14th. 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, UBS Group reaffirmed a “neutral” rating and issued a $290.00 price target on shares of Cboe Global Markets in a research report on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $279.00.

Insider Transactions at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the transaction, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. The trade was a 37.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the transaction, the director directly owned 12,921 shares of the company’s stock, valued at $3,693,726.27. This represents a 23.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 5,695 shares of company stock worth $1,628,981. 0.22% of the stock is currently owned by company insiders.

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.