JPMorgan Chase & Co. Increases Stock Position in Cboe Global Markets, Inc. $CBOE

JPMorgan Chase & Co. lifted its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 20.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 357,333 shares of the company’s stock after buying an additional 61,892 shares during the period. JPMorgan Chase & Co.’s holdings in Cboe Global Markets were worth $87,642,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CBOE. Vanguard Group Inc. boosted its stake in shares of Cboe Global Markets by 1.5% in the second quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock valued at $2,992,793,000 after buying an additional 195,086 shares in the last quarter. Alliancebernstein L.P. raised its position 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 worth $2,298,185,000 after acquiring an additional 390,034 shares in the last quarter. State Street Corp lifted its holdings in Cboe Global Markets by 2.1% in the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after acquiring an additional 101,349 shares during the period. Invesco Ltd. boosted its position in shares of Cboe Global Markets by 5.7% during the 3rd quarter. Invesco Ltd. now owns 1,826,104 shares of the company’s stock worth $447,852,000 after purchasing an additional 98,089 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Cboe Global Markets by 215.2% during the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after purchasing an additional 991,209 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Piper Sandler upped their price target on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. UBS Group reiterated a “neutral” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $303.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $279.00.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $292.89 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $31.06 billion, a P/E ratio of 150.98 and a beta of 0.61. The firm has a 50-day moving average price of $279.37 and a two-hundred day moving average price of $257.83. Cboe Global Markets, Inc. has a twelve month low of $200.88 and a twelve month high of $305.68.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.93 by $0.13. The company had revenue of $671.10 million for the quarter, compared to the consensus estimate of $659.59 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $0.72 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Edward J. Fitzpatrick sold 3,947 shares of the business’s stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the completion of the transaction, the director directly owned 12,921 shares of the company’s stock, valued at $3,693,726.27. The trade was a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the sale, the director owned 4,761 shares in the company, valued at $1,358,598.96. This represents a 23.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 5,695 shares of company stock worth $1,628,981. 0.51% of the stock is owned by insiders.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.