Universal Beteiligungs und Servicegesellschaft mbH Cuts Stake in Cboe Global Markets, Inc. $CBOE

Universal Beteiligungs und Servicegesellschaft mbH trimmed its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 6.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 127,394 shares of the company’s stock after selling 9,296 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.12% of Cboe Global Markets worth $31,243,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can boosted its holdings in Cboe Global Markets by 19.1% in the second quarter. Bank of Montreal Can now owns 241,995 shares of the company’s stock valued at $56,436,000 after acquiring an additional 38,872 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Cboe Global Markets by 3.4% in the 3rd quarter. Nordea Investment Management AB now owns 709,997 shares of the company’s stock worth $174,304,000 after purchasing an additional 23,358 shares during the period. Peak Financial Advisors LLC purchased a new position in shares of Cboe Global Markets in the 3rd quarter worth about $2,074,000. Yousif Capital Management LLC lifted its stake in shares of Cboe Global Markets by 24.2% in the 2nd quarter. Yousif Capital Management LLC now owns 16,540 shares of the company’s stock valued at $3,857,000 after purchasing an additional 3,225 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Cboe Global Markets by 11.5% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 52,181 shares of the company’s stock worth $12,605,000 after purchasing an additional 5,362 shares during the period. Institutional investors and hedge funds own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CBOE. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Piper Sandler increased their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 14th. Loop Capital set a $281.00 target price on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Citigroup upped their price target on shares of Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Barclays lowered their price target on Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $268.36.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $277.12 on Friday. The firm has a fifty day simple moving average of $257.02 and a 200-day simple moving average of $247.00. The company has a market capitalization of $29.00 billion, a PE ratio of 38.38, 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 $197.10 and a twelve month high of $278.50. 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 declared a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.72 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s dividend payout ratio is currently 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.