Van ECK Associates Corp Raises Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Van ECK Associates Corp increased its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 18,666 shares of the company’s stock after acquiring an additional 245 shares during the period. Van ECK Associates Corp’s holdings in Cboe Global Markets were worth $3,647,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. E. Ohman J or Asset Management AB lifted its position in shares of Cboe Global Markets by 4,157.6% during the fourth quarter. E. Ohman J or Asset Management AB now owns 155,616 shares of the company’s stock worth $30,407,000 after purchasing an additional 151,961 shares during the last quarter. abrdn plc lifted its holdings in Cboe Global Markets by 341.2% during the 4th quarter. abrdn plc now owns 190,017 shares of the company’s stock valued at $37,145,000 after buying an additional 146,945 shares in the last quarter. Barclays PLC boosted its position in Cboe Global Markets by 27.9% in the 3rd quarter. Barclays PLC now owns 535,284 shares of the company’s stock valued at $109,662,000 after buying an additional 116,852 shares during the period. Nordea Investment Management AB grew its stake in Cboe Global Markets by 16.7% in the 4th quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock worth $126,262,000 after acquiring an additional 92,537 shares in the last quarter. Finally, Harmony Asset Management LLC purchased a new position in shares of Cboe Global Markets during the third quarter worth approximately $15,175,000. Institutional investors own 82.67% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Dave Howson sold 11,036 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the transaction, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This represents a 57.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Thursday. Jefferies Financial Group lowered their target price on Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. Barclays raised their price target on Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Finally, The Goldman Sachs Group cut shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price on the stock. in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE opened at $210.39 on Thursday. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $221.66. The stock’s fifty day moving average is $199.59. The stock has a market cap of $22.03 billion, a PE ratio of 29.14, a P/E/G ratio of 1.69 and a beta of 0.68. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the business earned $2.06 EPS. As a group, equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. Cboe Global Markets’s payout ratio is 34.90%.

Cboe Global Markets Company 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.