Mitsubishi UFJ Trust & Banking Corp Lowers Position in Cboe Global Markets, Inc. $CBOE

Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 2.8% during the third quarter, HoldingsChannel reports. The fund owned 138,898 shares of the company’s stock after selling 3,950 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cboe Global Markets were worth $34,065,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new stake in Cboe Global Markets in the 2nd quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at approximately $33,000. Dakota Community Bank & Trust NA purchased a new stake in shares of Cboe Global Markets in the third quarter valued at approximately $42,000. Ameritas Advisory Services LLC acquired a new position in Cboe Global Markets during the second quarter worth $46,000. Finally, Root Financial Partners LLC purchased a new position in Cboe Global Markets in the third quarter worth $51,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

NASDAQ:CBOE opened at $276.39 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $257.38 and a two-hundred day moving average price of $247.49. Cboe Global Markets, Inc. has a twelve month low of $198.76 and a twelve month high of $278.50. The company has a market capitalization of $28.92 billion, a P/E ratio of 38.28, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The firm’s revenue was up 13.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.22 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a dividend of $0.72 per share. This represents a yield of 112.0%. The ex-dividend date was Friday, November 28th. Cboe Global Markets’s dividend payout ratio is 30.93%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. TD Cowen restated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Piper Sandler raised their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Morgan Stanley upped their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. Loop Capital set a $281.00 target price on shares of Cboe Global Markets in a report on Wednesday, January 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $268.36.

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.