Principal Financial Group Inc. Has $36.72 Million Holdings in Cboe Global Markets, Inc. $CBOE

Principal Financial Group Inc. lessened its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,724 shares of the company’s stock after selling 5,743 shares during the period. Principal Financial Group Inc.’s holdings in Cboe Global Markets were worth $36,720,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets during the second quarter worth about $33,000. Headlands Technologies LLC bought a new stake in Cboe Global Markets in the 2nd quarter valued at approximately $31,000. Dakota Community Bank & Trust NA acquired a new position in Cboe Global Markets during the 3rd quarter worth approximately $42,000. Ameritas Advisory Services LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $46,000. Finally, Root Financial Partners LLC acquired a new stake in shares of Cboe Global Markets in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Trading Up 1.5%

Cboe Global Markets stock opened at $275.28 on Friday. The stock has a 50-day simple moving average of $259.50 and a 200 day simple moving average of $249.33. The stock has a market capitalization of $28.81 billion, a P/E ratio of 38.13, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 52 week low of $200.88 and a 52 week high of $279.33.

Cboe Global Markets Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CBOE shares. Loop Capital set a $281.00 target price on shares of Cboe Global Markets in a report on Wednesday, January 14th. Barclays decreased their price objective 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. Citigroup lifted 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. TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Finally, Morgan Stanley raised their price target on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $268.36.

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.