Primecap Management Co. CA Trims Position in Cboe Global Markets, Inc. $CBOE

Primecap Management Co. CA trimmed its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 16.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,300 shares of the company’s stock after selling 1,400 shares during the period. Primecap Management Co. CA’s holdings in Cboe Global Markets were worth $1,702,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. increased its stake in Cboe Global Markets by 23.1% in the 1st quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock worth $2,141,730,000 after buying an additional 1,779,048 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Cboe Global Markets by 400.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock worth $241,580,000 after purchasing an additional 854,325 shares in the last quarter. Nuveen LLC bought a new stake in Cboe Global Markets during the 1st quarter valued at approximately $74,789,000. Citigroup Inc. lifted its holdings in Cboe Global Markets by 510.8% in the 1st quarter. Citigroup Inc. now owns 340,185 shares of the company’s stock worth $76,980,000 after purchasing an additional 284,489 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Cboe Global Markets in the 2nd quarter worth approximately $53,776,000. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Up 0.4%

Shares of NASDAQ CBOE opened at $255.32 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a market cap of $26.72 billion, a P/E ratio of 35.36, a PEG ratio of 1.75 and a beta of 0.42. Cboe Global Markets, Inc. has a 1 year low of $187.30 and a 1 year high of $262.98. The firm has a 50-day simple moving average of $243.80 and a two-hundred day simple moving average of $237.63.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period in the prior year, the business earned $2.22 EPS. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $290.00 price objective on shares of Cboe Global Markets in a report on Monday, November 3rd. Loop Capital set a $287.00 target price on shares of Cboe Global Markets in a research note on Monday, November 3rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research 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 issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $243.38.

Cboe Global Markets Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.