Cboe Global Markets, Inc. $CBOE Position Increased by Vinva Investment Management Ltd

Key Points

• Vinva Investment Management Ltd boosted its stake in Cboe by 20.0% in Q3, adding 6,081 shares to hold 36,557 shares valued at about $9.00 million.
• First Trust Advisors LP massively increased its position by 215.2% to 1,451,743 shares (~$356.0 million), and institutional investors now own 82.67% of Cboe’s stock.
• Cboe beat quarterly EPS ($3.06 vs. $2.95) with revenue up 28% year‑over‑year, announced a quarterly dividend of $0.72 (1.0% yield), and its shares trade near a 52‑week high around $301.

Vinva Investment Management Ltd boosted its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 20.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,557 shares of the company's stock after buying an additional 6,081 shares during the quarter. Vinva Investment Management Ltd's holdings in Cboe Global Markets were worth $9,002,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC raised its position in shares of Cboe Global Markets by 4.6% during the third quarter. Parallel Advisors LLC now owns 2,020 shares of the company's stock worth $496,000 after purchasing an additional 89 shares during the period. Korea Investment CORP boosted its position in shares of Cboe Global Markets by 20.8% in the 3rd quarter. Korea Investment CORP now owns 51,522 shares of the company's stock valued at $12,636,000 after purchasing an additional 8,877 shares during the period. Ameriflex Group Inc. boosted its position in shares of Cboe Global Markets by 97.4% in the 3rd quarter. Ameriflex Group Inc. now owns 154 shares of the company's stock valued at $38,000 after purchasing an additional 76 shares during the period. Blair William & Co. IL increased its stake in Cboe Global Markets by 2.3% in the 3rd quarter. Blair William & Co. IL now owns 61,234 shares of the company's stock worth $15,018,000 after purchasing an additional 1,385 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company's stock worth $356,040,000 after purchasing an additional 991,209 shares in the last quarter. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $301.27 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a fifty-two week low of $200.88 and a fifty-two week high of $305.68. The stock's 50-day moving average is $273.94 and its two-hundred day moving average is $255.48. The firm has a market cap of $31.53 billion, a P/E ratio of 41.73, a PEG ratio of 1.75 and a beta of 0.33.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping analysts' consensus estimates of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.Cboe Global Markets's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.10 earnings per share. Analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 27th. Cboe Global Markets's dividend payout ratio (DPR) is presently 27.64%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Piper Sandler upped their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an "overweight" rating in a research note on Wednesday, January 14th. UBS Group reissued a "neutral" rating and issued a $290.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Barclays boosted their price target on shares of Cboe Global Markets from $295.00 to $317.00 and gave the company an "overweight" rating in a report on Monday, February 9th. TD Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $303.00 price objective on shares of Cboe Global Markets in a research report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cboe Global Markets has an average rating of "Hold" and an average price target of $279.00.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Alexander Matturri, Jr. sold 1,500 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total transaction of $428,040.00. Following the transaction, the director owned 4,761 shares in the company, valued at $1,358,598.96. This represents a 23.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the firm's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the transaction, the director owned 12,921 shares in the company, valued at $3,693,726.27. This represents a 23.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 5,695 shares of company stock worth $1,628,981 over the last ninety days. 0.22% of the stock is currently owned by insiders.

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.

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