Robeco Institutional Asset Management B.V. Reduces Stock Holdings in Cboe Global Markets, Inc. $CBOE

Robeco Institutional Asset Management B.V. lowered its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 29.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 438,105 shares of the company’s stock after selling 180,925 shares during the period. Robeco Institutional Asset Management B.V. owned 0.42% of Cboe Global Markets worth $107,445,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its position in shares of Cboe Global Markets by 4.5% in the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after purchasing an additional 44 shares during the period. Apollon Wealth Management LLC raised its stake in Cboe Global Markets by 3.7% in the second quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock worth $294,000 after buying an additional 45 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in Cboe Global Markets by 3.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock worth $349,000 after buying an additional 46 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Cboe Global Markets by 9.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company’s stock worth $129,000 after buying an additional 49 shares during the period. Finally, Brown Advisory Inc. boosted its position in Cboe Global Markets by 3.9% during the 2nd quarter. Brown Advisory Inc. now owns 1,499 shares of the company’s stock valued at $350,000 after acquiring an additional 56 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $250.09 on Wednesday. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $262.98. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $26.17 billion, a P/E ratio of 34.64, a PEG ratio of 1.75 and a beta of 0.36. The stock’s 50 day moving average is $252.96 and its 200 day moving average is $244.06.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period in the prior year, the business earned $2.22 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Keefe, Bruyette & Woods upped 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. Citigroup increased their price objective on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Piper Sandler reissued an “overweight” rating and set a $290.00 price objective on shares of Cboe Global Markets in a research report on Monday, November 3rd. Finally, UBS Group upped their target price on shares of Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $258.91.

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.