Pacer Advisors Inc. Lowers Holdings in Cboe Global Markets, Inc. $CBOE

by · The Markets Daily

Pacer Advisors Inc. lowered its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 39.1% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,520 shares of the company’s stock after selling 5,481 shares during the period. Pacer Advisors Inc.’s holdings in Cboe Global Markets were worth $2,090,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CBOE. Missouri Trust & Investment Co purchased a new position in Cboe Global Markets in the 2nd quarter valued at approximately $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Cboe Global Markets in the second quarter valued at $33,000. Headlands Technologies LLC purchased a new position in Cboe Global Markets in the second quarter valued at $31,000. Dakota Community Bank & Trust NA acquired a new position in Cboe Global Markets during the 3rd quarter worth $42,000. Finally, Ameritas Advisory Services LLC purchased a new stake in Cboe Global Markets during the 2nd quarter worth about $46,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 1.4%

CBOE stock opened at $251.00 on Thursday. 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 twelve month low of $187.30 and a twelve month high of $262.98. The company’s 50 day moving average is $251.99 and its two-hundred day moving average is $243.26. The stock has a market cap of $26.27 billion, a P/E ratio of 34.76, a PEG ratio of 1.75 and a beta of 0.35.

Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last issued its earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The business’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.22 earnings per share. Research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

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

Wall Street Analysts Forecast Growth

CBOE has been the subject of several recent research reports. Morgan Stanley lifted their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Piper Sandler reiterated an “overweight” rating and set a $290.00 price target on shares of Cboe Global Markets in a report on Monday, November 3rd. Loop Capital set a $310.00 price objective on shares of Cboe Global Markets in a research report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $246.62.

Read Our Latest Research Report on Cboe Global Markets

Cboe Global Markets Profile

(Free Report)

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.

See Also

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