QRG Capital Management Inc. Lowers Position in Cboe Global Markets, Inc. $CBOE

QRG Capital Management Inc. decreased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 34.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 20,374 shares of the company’s stock after selling 10,585 shares during the quarter. QRG Capital Management Inc.’s holdings in Cboe Global Markets were worth $4,997,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CBOE. Norges Bank purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $324,234,000. Alliancebernstein L.P. boosted its holdings in Cboe Global Markets by 4.1% in the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after acquiring an additional 390,034 shares during the last quarter. Invesco Ltd. grew its position in Cboe Global Markets by 27.3% during the second quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock valued at $402,990,000 after acquiring an additional 370,223 shares during the period. Man Group plc increased its stake in Cboe Global Markets by 106.5% during the second quarter. Man Group plc now owns 546,734 shares of the company’s stock worth $127,504,000 after acquiring an additional 281,939 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Cboe Global Markets in the 2nd quarter worth about $53,776,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citigroup boosted their target price on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. TD Cowen boosted their price objective on shares of Cboe Global Markets from $274.00 to $281.00 and gave the stock a “hold” rating in a research note on Wednesday, January 14th. Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday. Morgan Stanley lifted their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a report on Monday, December 22nd. Finally, Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $268.36.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $273.55 on Monday. The firm has a fifty day simple moving average of $255.89 and a 200-day simple moving average of $246.02. The company has a market capitalization of $28.63 billion, a PE ratio of 37.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a twelve month low of $192.43 and a twelve month high of $276.47. 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 released its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) 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%. Cboe Global Markets’s revenue was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.22 EPS. Equities research analysts anticipate 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 paid a dividend of $0.72 per share. This represents a yield of 112.0%. The ex-dividend date was Friday, November 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 30.93%.

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.