Korea Investment CORP Has $12.64 Million Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• Korea Investment CORP boosted its stake in Cboe by 20.8% in Q3 to 51,522 shares, valued at about $12.64 million.
• Cboe reported $3.06 EPS for the quarter, beating the $2.95 consensus, and revenue rose ~28% year-over-year.
• The company declared a quarterly dividend of $0.72 (annualized $2.88, ~1.0% yield) while analysts maintain a consensus "Hold" rating with an average price target of $279.

Korea Investment CORP increased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 20.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,522 shares of the company's stock after purchasing an additional 8,877 shares during the period. Korea Investment CORP's holdings in Cboe Global Markets were worth $12,636,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Physician Wealth Advisors Inc. lifted its position in shares of Cboe Global Markets by 70.5% in the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company's stock worth $33,000 after buying an additional 55 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets during the 2nd quarter valued at about $33,000. Headlands Technologies LLC bought a new position in shares of Cboe Global Markets in the 2nd quarter valued at approximately $31,000. Ameriflex Group Inc. raised its stake 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 acquiring an additional 76 shares in the last quarter. Finally, Dakota Community Bank & Trust NA acquired a new stake in Cboe Global Markets in the 3rd quarter worth approximately $42,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 0.5%

Shares of CBOE stock opened at $284.00 on Thursday. Cboe Global Markets, Inc. has a 12 month low of $200.88 and a 12 month high of $305.68. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $29.73 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 1.75 and a beta of 0.33. The stock has a 50 day moving average of $276.08 and a 200-day moving average of $256.30.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The business's quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 EPS. On average, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

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

Insider Transactions at Cboe Global Markets

In related news, Director Edward J. Fitzpatrick sold 3,947 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the sale, the director directly owned 12,921 shares of the company's stock, valued at $3,693,726.27. This trade represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer directly owned 410 shares in the company, valued at approximately $120,043.90. This trade represents a 37.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 5,695 shares of company stock worth $1,628,981. 0.22% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CBOE has been the topic of several analyst reports. Barclays increased their price target on 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 report on Wednesday, January 14th. Piper Sandler raised their target price 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. Loop Capital set a $317.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $303.00 target price 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 given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $279.00.

Cboe Global Markets 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.

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