Cboe Global Markets, Inc. $CBOE Position Lifted by Tobam

Tobam boosted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,283 shares of the company’s stock after buying an additional 944 shares during the period. Cboe Global Markets makes up approximately 3.0% of Tobam’s portfolio, making the stock its biggest position. Tobam’s holdings in Cboe Global Markets were worth $7,529,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can grew its position in Cboe Global Markets by 19.1% during the second quarter. Bank of Montreal Can now owns 241,995 shares of the company’s stock worth $56,436,000 after buying an additional 38,872 shares during the period. HB Wealth Management LLC increased its holdings in Cboe Global Markets by 30.7% during the 1st quarter. HB Wealth Management LLC now owns 5,017 shares of the company’s stock valued at $1,135,000 after acquiring an additional 1,178 shares in the last quarter. Promethium Advisors LLC raised its position in Cboe Global Markets by 36.9% during the first quarter. Promethium Advisors LLC now owns 10,696 shares of the company’s stock worth $2,420,000 after acquiring an additional 2,884 shares during the last quarter. CTC Alternative Strategies Ltd. purchased a new stake in shares of Cboe Global Markets in the first quarter valued at about $588,000. Finally, Markel Group Inc. acquired a new stake in shares of Cboe Global Markets in the first quarter valued at approximately $1,358,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 0.0%

Shares of NASDAQ CBOE opened at $259.25 on Wednesday. The stock has a fifty day moving average price of $240.48 and a 200 day moving average price of $235.99. The company has a market cap of $27.13 billion, a P/E ratio of 35.91, a P/E/G ratio of 1.75 and a beta of 0.42. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $261.90. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last announced 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 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 earnings per share. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s dividend payout ratio (DPR) is 30.93%.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of analyst reports. Morgan Stanley reiterated an “underweight” rating and set a $221.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 1st. Keefe, Bruyette & Woods boosted their target price on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, November 3rd. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.