Covea Finance Buys 32,000 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Covea Finance grew its stake in Cboe Global Markets, Inc. (NASDAQ:CBOEFree Report) by 283.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,300 shares of the company’s stock after buying an additional 32,000 shares during the period. Covea Finance’s holdings in Cboe Global Markets were worth $8,461,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC grew its position in Cboe Global Markets by 0.3% in the third quarter. Janus Henderson Group PLC now owns 1,528,295 shares of the company’s stock worth $313,090,000 after acquiring an additional 5,216 shares in the last quarter. Nordea Investment Management AB lifted its stake in Cboe Global Markets by 16.7% during the fourth quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock worth $126,262,000 after purchasing an additional 92,537 shares during the last quarter. Barclays PLC boosted its holdings in shares of Cboe Global Markets by 27.9% in the 3rd quarter. Barclays PLC now owns 535,284 shares of the company’s stock worth $109,662,000 after purchasing an additional 116,852 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Cboe Global Markets by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock worth $96,613,000 after purchasing an additional 24,177 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Cboe Global Markets by 2.0% during the 3rd quarter. Principal Financial Group Inc. now owns 157,158 shares of the company’s stock valued at $32,197,000 after purchasing an additional 3,155 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Trading Up 0.3 %

CBOE stock opened at $193.37 on Wednesday. The stock has a market capitalization of $20.24 billion, a PE ratio of 26.34, a price-to-earnings-growth ratio of 1.71 and a beta of 0.68. The company has a 50-day moving average price of $201.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $221.66.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a yield of 1.30%. Cboe Global Markets’s dividend payout ratio is presently 34.33%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. StockNews.com downgraded Cboe Global Markets from a “hold” rating to a “sell” rating in a research report on Friday, January 10th. Keefe, Bruyette & Woods cut their price objective on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating for the company in a research note on Monday. Jefferies Financial Group decreased their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research report on Thursday, January 9th. William Blair began coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. Finally, The Goldman Sachs Group cut Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective on the stock. in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $198.83.

Check Out Our Latest Stock Analysis on CBOE

Cboe Global Markets Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cboe Global Markets (NASDAQ:CBOE)

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