Resona Asset Management Co. Ltd. Has $12.88 Million Stake in Cboe Global Markets, Inc. $CBOE

Resona Asset Management Co. Ltd. reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 5.8% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 52,480 shares of the company’s stock after selling 3,256 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Cboe Global Markets were worth $12,876,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBOE. Bank of Montreal Can lifted its position in Cboe Global Markets by 19.1% during the 2nd quarter. Bank of Montreal Can now owns 241,995 shares of the company’s stock worth $56,436,000 after acquiring an additional 38,872 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of Cboe Global Markets by 3.4% in the third quarter. Nordea Investment Management AB now owns 709,997 shares of the company’s stock worth $174,304,000 after purchasing an additional 23,358 shares during the period. Peak Financial Advisors LLC bought a new position in shares of Cboe Global Markets in the third quarter worth about $2,074,000. Yousif Capital Management LLC lifted its position in shares of Cboe Global Markets by 24.2% during the 2nd quarter. Yousif Capital Management LLC now owns 16,540 shares of the company’s stock worth $3,857,000 after purchasing an additional 3,225 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Cboe Global Markets by 557.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock valued at $9,070,000 after purchasing an additional 31,919 shares during the period. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Trading Down 0.3%

Shares of Cboe Global Markets stock opened at $276.39 on Monday. 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 debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company’s fifty day moving average price is $257.38 and its two-hundred day moving average price is $247.49. Cboe Global Markets, Inc. has a 52-week low of $198.76 and a 52-week high of $278.50.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, October 31st. The company reported $2.67 earnings per share 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 business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.22 EPS. On average, analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

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

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of research analyst reports. Barclays lowered their target price on Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. UBS Group boosted their target price on shares of Cboe Global Markets from $265.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Morgan Stanley increased their price target on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Four investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $268.36.

Cboe Global Markets Company 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.