Cboe Global Markets, Inc. $CBOE Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 524,249 shares of the company’s stock after selling 17,984 shares during the period. Bank of New York Mellon Corp’s holdings in Cboe Global Markets were worth $128,572,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CBOE. Sagespring Wealth Partners LLC lifted its holdings in shares of Cboe Global Markets by 4.1% in the third quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock valued at $260,000 after purchasing an additional 42 shares in the last quarter. IHT Wealth Management LLC lifted its stake in Cboe Global Markets by 4.5% in the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after buying an additional 44 shares in the last quarter. Apollon Wealth Management LLC grew its holdings in Cboe Global Markets by 3.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock valued at $294,000 after buying an additional 45 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Cboe Global Markets by 3.2% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock worth $349,000 after buying an additional 46 shares in the last quarter. Finally, Concurrent Investment Advisors LLC raised its holdings in shares of Cboe Global Markets by 3.3% in the third quarter. Concurrent Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $353,000 after acquiring an additional 46 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group lifted their price objective on Cboe Global Markets from $265.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Morgan Stanley boosted their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research report on Monday, December 22nd. Citigroup raised their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Piper Sandler boosted their price target on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $268.36.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $265.06 on Friday. Cboe Global Markets, Inc. has a 1 year low of $200.88 and a 1 year high of $279.33. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm has a 50 day moving average price of $258.46 and a 200 day moving average price of $248.51. The company has a market cap of $27.74 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the prior year, the company earned $2.22 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Sell-side analysts predict 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 announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.72 dividend. This represents a dividend yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 30.93%.

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.