Citigroup Inc. Purchases 284,489 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Citigroup Inc. significantly increased its stake in Cboe Global Markets, Inc. by 510.8%, holding approximately 0.32% of the company worth $76.98 million at the end of the last quarter.
• Several hedge funds, including Brighton Jones LLC and Envestnet Asset Management Inc., also raised their holdings in Cboe Global Markets, indicating a bullish outlook among institutional investors.
• Analysts have varied ratings on Cboe shares, with an average rating of "Hold" and price targets ranging from $231.38 to $265, reflecting differing views on the company's performance and market conditions.

Citigroup Inc. boosted its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 510.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 340,185 shares of the company's stock after buying an additional 284,489 shares during the period. Citigroup Inc. owned approximately 0.32% of Cboe Global Markets worth $76,980,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. OneDigital Investment Advisors LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $265,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $277,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Cboe Global Markets by 31.9% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock worth $6,689,000 after purchasing an additional 7,146 shares in the last quarter. GAM Holding AG acquired a new stake in Cboe Global Markets in the 1st quarter valued at $1,541,000. Finally, Teacher Retirement System of Texas acquired a new stake in Cboe Global Markets in the 1st quarter valued at $3,463,000. 82.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CBOE shares. Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Barclays upped their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an "outperform" rating in a report on Monday, August 4th. Piper Sandler increased their price target on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, Cboe Global Markets presently has an average rating of "Hold" and a consensus target price of $231.38.

Cboe Global Markets Price Performance

Cboe Global Markets stock traded down $4.72 during mid-day trading on Tuesday, reaching $248.52. 816,829 shares of the company were exchanged, compared to its average volume of 877,249. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27. The company has a fifty day simple moving average of $234.93 and a 200-day simple moving average of $222.71. 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 firm has a market cap of $25.99 billion, a PE ratio of 34.42, a PEG ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.03. 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 business posted $2.15 EPS. The business's quarterly revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president owned 2,183 shares in the company, valued at $494,624.14. The trade was a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by corporate insiders.

About Cboe Global Markets

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.