Cboe Global Markets, Inc. $CBOE Shares Sold by Parnassus Investments LLC

Parnassus Investments LLC decreased its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 342,751 shares of the company’s stock after selling 13,360 shares during the quarter. Parnassus Investments LLC owned about 0.33% of Cboe Global Markets worth $84,060,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in Cboe Global Markets during the 2nd quarter valued at $324,234,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Cboe Global Markets by 400.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock valued at $241,580,000 after purchasing an additional 854,325 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Cboe Global Markets by 4.1% during the 2nd quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock worth $2,298,185,000 after purchasing an additional 390,034 shares during the last quarter. Invesco Ltd. raised its position in shares of Cboe Global Markets by 27.3% in the 2nd quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock valued at $402,990,000 after purchasing an additional 370,223 shares in the last quarter. Finally, Man Group plc boosted its stake in shares of Cboe Global Markets by 106.5% during the 2nd quarter. Man Group plc now owns 546,734 shares of the company’s stock valued at $127,504,000 after buying an additional 281,939 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE opened at $260.95 on Friday. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $262.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The stock has a fifty day moving average price of $254.18 and a 200 day moving average price of $244.46. The company has a market cap of $27.31 billion, a P/E ratio of 36.14, a PEG ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) 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 company’s quarterly revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.22 earnings per share. On average, research analysts forecast 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 declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.72 dividend. The ex-dividend date was Friday, November 28th. This represents a dividend yield of 112.0%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 30.93%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CBOE. Loop Capital set a $295.00 price objective on shares of Cboe Global Markets in a report on Thursday. Keefe, Bruyette & Woods lifted their price target on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Piper Sandler reissued an “overweight” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a report on Monday, November 3rd. UBS Group increased their target price on Cboe Global Markets from $265.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Morgan Stanley upped their price target on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research report on Monday, December 22nd. Four research 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’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $268.00.

Cboe Global Markets 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.