Shell Asset Management Co. Sells 24,658 Shares of Cboe Global Markets, Inc. $CBOE

Shell Asset Management Co. decreased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 69.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Headlands Technologies LLC purchased a new stake in Cboe Global Markets during the 2nd quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC purchased a new position in Cboe Global Markets in the second quarter worth about $33,000. Physician Wealth Advisors Inc. lifted its stake in shares of Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares in the last quarter. Dakota Community Bank & Trust NA purchased a new stake in shares of Cboe Global Markets during the third quarter valued at approximately $42,000. Finally, Assetmark Inc. increased its position in shares of Cboe Global Markets by 195.4% during the third quarter. Assetmark Inc. now owns 192 shares of the company’s stock valued at $47,000 after acquiring an additional 127 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CBOE. Citigroup upped their price objective on Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Loop Capital set a $317.00 price target on Cboe Global Markets in a report on Monday, February 9th. UBS Group reaffirmed a “neutral” rating and set a $290.00 price objective on shares of Cboe Global Markets in a research report on Monday, February 9th. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Finally, Morgan Stanley upped their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $279.00.

Cboe Global Markets Stock Up 1.7%

CBOE stock opened at $275.11 on Friday. The company has a market cap of $28.79 billion, a price-to-earnings ratio of 38.10, a P/E/G ratio of 1.75 and a beta of 0.36. 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 business’s 50-day moving average is $261.76 and its two-hundred day moving average is $250.73. Cboe Global Markets, Inc. has a fifty-two week low of $200.88 and a fifty-two week high of $283.13.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the company posted $2.10 earnings per share. The company’s quarterly revenue was up 28.0% on a year-over-year basis. As a group, analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

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

About Cboe Global Markets

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.