Erste Asset Management GmbH Increases Stock Holdings in Cboe Global Markets, Inc. $CBOE

Erste Asset Management GmbH lifted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,096 shares of the company’s stock after buying an additional 6,493 shares during the period. Erste Asset Management GmbH’s holdings in Cboe Global Markets were worth $12,749,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CBOE. Sound Income Strategies LLC boosted its position in shares of Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 46 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Cboe Global Markets during the second quarter valued at approximately $31,000. Elyxium Wealth LLC purchased a new position in shares of Cboe Global Markets during the fourth quarter valued at approximately $33,000. Ameriflex Group Inc. boosted its position in shares of Cboe Global Markets by 97.4% during the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after buying an additional 76 shares during the last quarter. Finally, MCF Advisors LLC boosted its position in shares of Cboe Global Markets by 71.4% during the fourth quarter. MCF Advisors LLC now owns 180 shares of the company’s stock valued at $45,000 after buying an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 0.6%

Shares of BATS CBOE opened at $280.32 on Tuesday. Cboe Global Markets, Inc. has a one year low of $218.14 and a one year high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The business’s fifty day moving average price is $316.45 and its 200-day moving average price is $286.11. The stock has a market capitalization of $29.73 billion, a PE ratio of 144.50 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same quarter in the prior year, the firm earned $2.50 EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. On average, equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Friday, May 29th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Activity

In related news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

CBOE has been the topic of several research analyst reports. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 8th. Piper Sandler boosted their price objective on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. UBS Group boosted their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Finally, Barclays boosted their price objective on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $322.60.

Cboe Global Markets Company 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.