Cboe Global Markets, Inc. $CBOE Shares Bought by iA Global Asset Management Inc.

iA Global Asset Management Inc. grew its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 93.7% during the third quarter, Holdings Channel.com reports. The firm owned 9,196 shares of the company’s stock after buying an additional 4,449 shares during the quarter. iA Global Asset Management Inc.’s holdings in Cboe Global Markets were worth $2,255,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Headlands Technologies LLC bought a new position in Cboe Global Markets in the 2nd quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Cboe Global Markets in the second quarter valued at approximately $33,000. Dakota Community Bank & Trust NA acquired a new position in shares of Cboe Global Markets during the third quarter valued at approximately $42,000. Ameritas Advisory Services LLC bought a new stake in Cboe Global Markets during the second quarter worth approximately $46,000. Finally, Root Financial Partners LLC bought a new stake in Cboe Global Markets during the third quarter worth approximately $51,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Down 0.3%

Shares of Cboe Global Markets stock opened at $276.39 on Friday. Cboe Global Markets, Inc. has a 12-month low of $198.76 and a 12-month high of $278.50. The firm has a market capitalization of $28.92 billion, a PE ratio of 38.28, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock’s fifty day moving average is $257.38 and its 200-day moving average is $247.39.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly 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 return on equity of 22.02% and a net margin of 18.64%.Cboe Global Markets’s quarterly revenue was up 13.8% on a year-over-year basis. During the same period last year, the business posted $2.22 earnings per share. Equities analysts anticipate 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 declared a dividend, which was paid on Monday, December 15th. Stockholders 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 payout ratio is currently 30.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Loop Capital set a $281.00 price target on Cboe Global Markets in a research report on Wednesday, January 14th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Piper Sandler lifted their target price on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Barclays cut their price target on shares of Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, November 3rd. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.