Erste Asset Management GmbH Reduces Holdings in Cboe Global Markets, Inc. $CBOE

Erste Asset Management GmbH decreased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 34.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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 SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Physician Wealth Advisors Inc. raised its position in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after purchasing an additional 55 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in Cboe Global Markets in the second quarter worth approximately $33,000. Headlands Technologies LLC bought a new position in Cboe Global Markets during the second quarter valued at about $31,000. Dakota Community Bank & Trust NA bought a new position in shares of Cboe Global Markets during the 3rd quarter valued at about $42,000. Finally, Assetmark Inc. boosted its holdings in Cboe Global Markets by 195.4% during the third quarter. Assetmark Inc. now owns 192 shares of the company’s stock worth $47,000 after buying an additional 127 shares in the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the completion of the sale, the chief accounting officer directly owned 410 shares in the company, valued at approximately $120,043.90. The trade was a 37.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Matturri, Jr. sold 1,500 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the completion of the transaction, the director directly owned 4,761 shares in the company, valued at approximately $1,358,598.96. This represents a 23.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 5,695 shares of company stock valued at $1,628,981. Corporate insiders own 0.22% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $299.72 on Friday. The firm has a market cap of $31.37 billion, a price-to-earnings ratio of 41.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The company’s fifty day moving average is $269.41 and its 200-day moving average is $253.52. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 12 month low of $200.88 and a 12 month high of $303.12.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the previous year, the firm earned $2.10 earnings per share. Cboe Global Markets’s quarterly revenue was up 28.0% on a year-over-year basis. Equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Keefe, Bruyette & Woods boosted their price objective on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. Barclays increased their target price on shares of Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Finally, Piper Sandler boosted their price target on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently 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.