Erste Asset Management GmbH Has $10.68 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Erste Asset Management GmbH cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 34.9% in the third quarter, Holdings Channel reports. The institutional investor owned 43,603 shares of the company’s stock after selling 23,354 shares during the quarter. Erste Asset Management GmbH’s holdings in Cboe Global Markets were worth $10,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Brighton Jones LLC increased its position in Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp boosted its holdings in Cboe Global Markets by 1,854.4% in the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock valued at $951,000 after purchasing an additional 3,987 shares during the period. Empowered Funds LLC grew its position in Cboe Global Markets by 132.4% in the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock worth $1,087,000 after purchasing an additional 2,736 shares during the last quarter. Woodline Partners LP increased its holdings in shares of Cboe Global Markets by 40.7% during the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock worth $2,002,000 after purchasing an additional 2,558 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Cboe Global Markets by 138.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after purchasing an additional 198 shares during the period. 82.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. The trade was a 37.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the sale, the director directly owned 12,921 shares in the company, valued at approximately $3,693,726.27. The trade was a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 5,695 shares of company stock valued at $1,628,981. 0.22% of the stock is currently owned by company insiders.

Cboe Global Markets Trading Up 2.5%

CBOE stock opened at $299.72 on Friday. Cboe Global Markets, Inc. has a 1-year low of $200.88 and a 1-year high of $303.12. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $269.41 and its 200-day moving average is $253.52. The firm has a market cap of $31.37 billion, a P/E ratio of 41.51, a P/E/G ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, February 6th. The company reported $3.06 EPS for the quarter, beating 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 period last year, the business posted $2.10 EPS. The company’s revenue was up 28.0% compared to the same quarter last year. Equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $303.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. Barclays upped their price target on Cboe Global Markets from $295.00 to $317.00 and gave the company an “overweight” rating in a report on Monday, February 9th. Piper Sandler raised their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Finally, Morgan Stanley boosted their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research report on Monday, December 22nd. One equities 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 company. According to data from MarketBeat, the stock presently 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.