Mirae Asset Global Investments Co. Ltd. Acquires 3,915 Shares of Cboe Global Markets, Inc. $CBOE

Mirae Asset Global Investments Co. Ltd. raised its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 12.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,195 shares of the company’s stock after buying an additional 3,915 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Cboe Global Markets were worth $8,632,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CBOE. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $33,000. Headlands Technologies LLC acquired a new stake in Cboe Global Markets during the 2nd quarter valued at $31,000. Dakota Community Bank & Trust NA bought a new position in Cboe Global Markets during the third quarter worth $42,000. Ameritas Advisory Services LLC acquired a new position in shares of Cboe Global Markets in the second quarter valued at $46,000. Finally, Root Financial Partners LLC bought a new position in shares of Cboe Global Markets in the third quarter valued at about $51,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 0.2%

NASDAQ CBOE opened at $265.06 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market cap of $27.74 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 1.75 and a beta of 0.36. The company has a 50 day moving average of $258.46 and a 200-day moving average of $248.51. Cboe Global Markets, Inc. has a 1-year low of $200.88 and a 1-year high of $279.33.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, topping 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 firm’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.22 EPS. On average, equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a dividend of $0.72 per share. This represents a dividend yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio is 30.93%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, November 3rd. Morgan Stanley raised their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. Citigroup upped their target price on Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Finally, Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $268.36.

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.