Geode Capital Management LLC Grows Position in Cboe Global Markets, Inc. $CBOE

Geode Capital Management LLC lifted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,855,971 shares of the company’s stock after purchasing an additional 51,873 shares during the period. Geode Capital Management LLC’s holdings in Cboe Global Markets were worth $664,186,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CBOE. Alliancebernstein L.P. raised its position in shares of Cboe Global Markets by 23.1% during the 1st quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock worth $2,141,730,000 after purchasing an additional 1,779,048 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cboe Global Markets by 400.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock valued at $241,580,000 after buying an additional 854,325 shares in the last quarter. Nuveen LLC purchased a new position in Cboe Global Markets in the first quarter worth approximately $74,789,000. Citigroup Inc. raised its position in Cboe Global Markets by 510.8% in the first quarter. Citigroup Inc. now owns 340,185 shares of the company’s stock valued at $76,980,000 after purchasing an additional 284,489 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Cboe Global Markets in the 2nd quarter valued at about $53,776,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Trading Down 0.6%

Shares of Cboe Global Markets stock opened at $258.35 on Friday. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $262.98. The stock has a market cap of $27.04 billion, a PE ratio of 35.78, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42. The company has a 50-day moving average of $242.03 and a two-hundred day moving average of $236.65. 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 posted its quarterly earnings data on Friday, October 31st. The company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The company’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.22 EPS. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CBOE shares. Citigroup boosted their price target on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating and set a $221.00 price target on shares of Cboe Global Markets in a research note on Wednesday, October 1st. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $243.38.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.