Panagora Asset Management Inc. Has $74.19 Million Position in Cboe Global Markets, Inc. $CBOE

Panagora Asset Management Inc. cut its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 27.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 318,137 shares of the company’s stock after selling 119,286 shares during the period. Panagora Asset Management Inc.’s holdings in Cboe Global Markets were worth $74,193,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CBOE. West Family Investments Inc. lifted its stake in Cboe Global Markets by 34.9% in the 2nd quarter. West Family Investments Inc. now owns 3,140 shares of the company’s stock valued at $732,000 after purchasing an additional 812 shares during the last quarter. Schroder Investment Management Group raised its stake in Cboe Global Markets by 40.6% in the second quarter. Schroder Investment Management Group now owns 19,856 shares of the company’s stock valued at $4,631,000 after buying an additional 5,733 shares during the period. Mackenzie Financial Corp raised its stake in Cboe Global Markets by 9.8% in the second quarter. Mackenzie Financial Corp now owns 289,691 shares of the company’s stock valued at $67,559,000 after buying an additional 25,869 shares during the period. F m Investments LLC acquired a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $2,603,000. Finally, Norges Bank acquired a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $324,234,000. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Trading Up 0.0%

Shares of Cboe Global Markets stock opened at $258.17 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm has a 50-day moving average of $246.44 and a 200-day moving average of $239.03. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $262.98. The stock has a market cap of $27.02 billion, a PE ratio of 35.76, a PEG ratio of 1.75 and a beta of 0.42.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping 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 firm’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.22 earnings per share. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be given a $0.72 dividend. This represents a dividend yield of 112.0%. The ex-dividend date is Friday, November 28th. Cboe Global Markets’s payout ratio is presently 30.93%.

Analyst Ratings Changes

A number of research analysts recently weighed in on CBOE shares. UBS Group boosted their target price on Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research report on Monday, August 4th. Barclays increased their price objective on shares of Cboe Global Markets from $264.00 to $273.00 and gave the company an “equal weight” rating in a research report on Monday, November 3rd. Loop Capital set a $287.00 target price on shares of Cboe Global Markets in a research note on Monday, November 3rd. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $221.00 price target on shares of Cboe Global Markets in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $243.38.

Cboe Global Markets 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.