Shell Asset Management Co. Trims Stock Holdings in Cboe Global Markets, Inc. $CBOE

Shell Asset Management Co. lowered its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 69.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 10,919 shares of the company’s stock after selling 24,658 shares during the quarter. Shell Asset Management Co.’s holdings in Cboe Global Markets were worth $2,678,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CBOE. Physician Wealth Advisors Inc. increased its holdings in Cboe Global Markets by 70.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 55 shares in the last quarter. Twin Peaks Wealth Advisors LLC bought a new position in shares of Cboe Global Markets in the second quarter worth approximately $33,000. Headlands Technologies LLC bought a new position in shares of Cboe Global Markets in the second quarter worth approximately $31,000. Dakota Community Bank & Trust NA bought a new stake in shares of Cboe Global Markets during the 3rd quarter valued at $42,000. Finally, Assetmark Inc. raised its position in shares of Cboe Global Markets by 195.4% during the 3rd quarter. Assetmark Inc. now owns 192 shares of the company’s stock valued at $47,000 after purchasing an additional 127 shares during the period. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

NASDAQ:CBOE opened at $275.11 on Friday. The business’s 50-day moving average is $261.76 and its 200 day moving average is $250.73. Cboe Global Markets, Inc. has a 12 month low of $200.88 and a 12 month high of $283.13. The company has a market capitalization of $28.79 billion, a P/E ratio of 38.10, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the previous year, the business posted $2.10 EPS. The firm’s revenue was up 28.0% compared to the same quarter last year. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.72 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s dividend payout ratio (DPR) is 27.64%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods increased 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. Piper Sandler lifted their target price on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. Citigroup upped their price target on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Loop Capital set a $317.00 price objective on shares of Cboe Global Markets in a report on Monday, February 9th. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $279.00.

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.