Pictet Asset Management Holding SA Sells 6,276 Shares of Cboe Global Markets, Inc. $CBOE

Pictet Asset Management Holding SA cut its position in Cboe Global Markets, Inc. (BATS:CBOE) by 9.6% in the third quarter, HoldingsChannel.com reports. The firm owned 58,811 shares of the company’s stock after selling 6,276 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Cboe Global Markets were worth $16,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CBOE. Jones Financial Companies Lllp purchased a new position in shares of Cboe Global Markets during the 2nd quarter valued at $25,000. Keating Financial Advisory Services Inc. bought a new position in Cboe Global Markets in the 2nd quarter worth $26,000. Clearstead Trust LLC bought a new position in Cboe Global Markets in the 2nd quarter worth $27,000. NFSG Corp purchased a new stake in Cboe Global Markets in the 1st quarter worth $31,000. Finally, Rosenberg Matthew Hamilton increased its stake in Cboe Global Markets by 11,300.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock worth $31,000 after buying an additional 113 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CBOE shares. The Goldman Sachs Group cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. Royal Bank Of Canada upped their price objective on Cboe Global Markets from $303.00 to $360.00 and gave the stock a “sector perform” rating in a research note on Friday, October 30th. Morgan Stanley reiterated an “overweight” rating and set a $450.00 target price on shares of Cboe Global Markets in a research report on Friday, October 23rd. JPMorgan Chase & Co. lifted their target price on Cboe Global Markets from $288.00 to $332.00 and gave the company an “underweight” rating in a research note on Wednesday, October 28th. Finally, Deutsche Bank reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $363.00.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $368.89 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $39.13 billion, a P/E ratio of 190.15 and a beta of 0.61. The firm’s fifty day moving average is $303.50 and its two-hundred day moving average is $295.62. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $378.35.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, October 30th. The company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.43 by $0.20. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $712.20 million for the quarter, compared to analysts’ expectations of $705.22 million. During the same quarter in the previous year, the company earned $2.67 EPS. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets declared that its Board of Directors has approved a share repurchase plan on Thursday, October 22nd that permits the company to repurchase $550 million in shares. This buyback authorization permits the company to reacquire up to 1.6% of its shares through open market purchases. Share buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, November 30th. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc., through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.