HighPoint Advisor Group LLC Purchases 5,168 Shares of Cboe Global Markets, Inc. $CBOE

HighPoint Advisor Group LLC lifted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 263.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,131 shares of the company’s stock after buying an additional 5,168 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Cboe Global Markets were worth $1,749,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Bank of Montreal Can increased its position in shares of Cboe Global Markets by 19.1% in the second quarter. Bank of Montreal Can now owns 241,995 shares of the company’s stock worth $56,436,000 after purchasing an additional 38,872 shares during the last quarter. Nordea Investment Management AB grew its stake in Cboe Global Markets by 3.4% in the 3rd quarter. Nordea Investment Management AB now owns 709,997 shares of the company’s stock worth $174,304,000 after buying an additional 23,358 shares in the last quarter. Peak Financial Advisors LLC bought a new position in shares of Cboe Global Markets in the 3rd quarter worth $2,074,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Cboe Global Markets by 557.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock valued at $9,070,000 after buying an additional 31,919 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Cboe Global Markets by 11.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,181 shares of the company’s stock worth $12,605,000 after acquiring an additional 5,362 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CBOE. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Piper Sandler raised their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. UBS Group upped their target price on Cboe Global Markets from $265.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 7th. Keefe, Bruyette & Woods lifted their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $268.36.

Cboe Global Markets Price Performance

CBOE opened at $275.28 on Friday. 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’s 50 day simple moving average is $259.50 and its 200 day simple moving average is $249.33. The firm has a market cap of $28.81 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a 1 year low of $200.88 and a 1 year high of $279.33.

Cboe Global Markets Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued 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 currently 30.93%.

Cboe Global Markets Company 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.