Peak Financial Advisors LLC Takes Position in Cboe Global Markets, Inc. $CBOE

Peak Financial Advisors LLC purchased a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) during the third quarter, HoldingsChannel.com reports. The firm purchased 8,456 shares of the company’s stock, valued at approximately $2,074,000.

Other large investors have also made changes to their positions in the company. IHT Wealth Management LLC increased its position in Cboe Global Markets by 4.5% during the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after purchasing an additional 44 shares in the last quarter. Apollon Wealth Management LLC grew its stake in shares of Cboe Global Markets by 3.7% in the second quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock valued at $294,000 after buying an additional 45 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in shares of Cboe Global Markets by 3.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock valued at $349,000 after buying an additional 46 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Cboe Global Markets by 9.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company’s stock worth $129,000 after acquiring an additional 49 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in Cboe Global Markets by 3.9% during the 2nd quarter. Brown Advisory Inc. now owns 1,499 shares of the company’s stock worth $350,000 after acquiring an additional 56 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 1.3%

CBOE opened at $252.26 on Thursday. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $262.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The stock has a market capitalization of $26.40 billion, a PE ratio of 34.94, a P/E/G ratio of 1.75 and a beta of 0.36. The firm’s fifty day moving average price is $249.19 and its 200 day moving average price is $241.23.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share 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%. The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.22 earnings per share. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

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

Analyst Ratings Changes

Several analysts have issued reports on CBOE shares. UBS Group increased their price objective on shares of Cboe Global Markets from $255.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Morgan Stanley reaffirmed an “underweight” rating and set a $221.00 price target on shares of Cboe Global Markets in a report on Wednesday, October 1st. Loop Capital set a $310.00 price target on shares of Cboe Global Markets in a research note on Wednesday, December 10th. Citigroup upped their price objective on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $290.00 target price on shares of Cboe Global Markets in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $245.15.

Cboe Global Markets Company Profile

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.