Rakuten Investment Management Inc. Takes Position in Cboe Global Markets, Inc. $CBOE

Rakuten Investment Management Inc. acquired a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 126,814 shares of the company’s stock, valued at approximately $31,101,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Missouri Trust & Investment Co purchased a new position in Cboe Global Markets in the 2nd quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Cboe Global Markets during the second quarter valued at approximately $33,000. Headlands Technologies LLC purchased a new position in shares of Cboe Global Markets during the second quarter valued at approximately $31,000. Dakota Community Bank & Trust NA acquired a new stake in Cboe Global Markets during the third quarter worth approximately $42,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Cboe Global Markets in the 2nd quarter worth approximately $46,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

CBOE stock opened at $271.92 on Wednesday. The stock has a 50-day moving average price of $256.43 and a two-hundred day moving average price of $246.60. The company has a market cap of $28.46 billion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. 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, Inc. has a 12-month low of $193.56 and a 12-month high of $276.47.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period last year, the company posted $2.22 EPS. The firm’s quarterly revenue was up 13.8% on a year-over-year basis. As a group, research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CBOE shares. Keefe, Bruyette & Woods increased their price target on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Morgan Stanley raised their price target on Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research note on Monday, December 22nd. 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 note on Monday, November 3rd. Finally, Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average price target 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.