LPL Financial LLC Raises Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• LPL Financial LLC increased its stake in Cboe Global Markets by 22.9% during the first quarter, acquiring 23,039 shares, bringing its total ownership to 123,632 shares worth approximately $27.98 million.
• Catherine R. Clay, an executive vice president at Cboe, sold 3,598 shares of the company's stock at an average price of $226.58, reflecting a significant 62.24% decrease in her position.
• A number of analysts have updated their price targets for Cboe Global Markets, with UBS Group setting a new target of $245.00 and Piper Sandler raising theirs to $250.00, while maintaining a mix of ratings from sell to hold.

LPL Financial LLC increased its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 22.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 123,632 shares of the company's stock after acquiring an additional 23,039 shares during the period. LPL Financial LLC owned approximately 0.12% of Cboe Global Markets worth $27,977,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in CBOE. GAMMA Investing LLC raised its stake in shares of Cboe Global Markets by 29,094.5% during the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after purchasing an additional 1,212,368 shares in the last quarter. Perpetual Ltd acquired a new stake in Cboe Global Markets in the first quarter worth $66,981,000. First Trust Advisors LP boosted its stake in shares of Cboe Global Markets by 756.0% in the 4th quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock worth $58,317,000 after buying an additional 263,585 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of Cboe Global Markets by 108.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company's stock valued at $3,498,000 after purchasing an additional 234,199 shares during the period. Finally, Deutsche Bank AG raised its holdings in Cboe Global Markets by 28.7% in the fourth quarter. Deutsche Bank AG now owns 608,542 shares of the company's stock worth $118,909,000 after purchasing an additional 135,584 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 3,598 shares of the stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. This represents a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.22% of the company's stock.

Cboe Global Markets Stock Down 0.3%

NASDAQ CBOE traded down $0.69 during trading hours on Wednesday, reaching $248.10. 600,749 shares of the company's stock traded hands, compared to its average volume of 879,336. 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 $25.98 billion, a PE ratio of 34.36, a PEG ratio of 1.75 and a beta of 0.46. The firm has a 50-day simple moving average of $232.70 and a 200 day simple moving average of $220.90. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $251.21.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the company earned $2.15 earnings per share. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CBOE shares. Bank of America restated a "neutral" rating and issued a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Royal Bank Of Canada restated a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a research report on Monday. Oppenheimer raised their target price on shares of Cboe Global Markets from $253.00 to $265.00 and gave the company an "outperform" rating in a report on Monday. UBS Group reiterated a "neutral" rating and set a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research note on Monday. Finally, Piper Sandler increased their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of "Hold" and a consensus price target of $231.38.

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.