CHB Investment Group LLC Trims Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

CHB Investment Group LLC trimmed its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 15,026 shares of the company’s stock after selling 230 shares during the period. Cboe Global Markets comprises 1.6% of CHB Investment Group LLC’s investment portfolio, making the stock its 17th largest holding. CHB Investment Group LLC’s holdings in Cboe Global Markets were worth $2,936,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CBOE. Erste Asset Management GmbH acquired a new stake in shares of Cboe Global Markets during the 3rd quarter worth about $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cboe Global Markets during the 3rd quarter worth approximately $158,000. Benjamin Edwards Inc. increased its position in Cboe Global Markets by 5,967.5% during the third quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock worth $6,203,000 after buying an additional 29,778 shares during the period. Coastwise Capital Group LLC purchased a new stake in Cboe Global Markets in the third quarter valued at approximately $216,000. Finally, Harmony Asset Management LLC acquired a new stake in shares of Cboe Global Markets in the third quarter valued at approximately $15,175,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 0.9 %

NASDAQ:CBOE opened at $192.72 on Tuesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 1.39. The company’s 50-day simple moving average is $201.78. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $221.66. The stock has a market cap of $20.18 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.71 and a beta of 0.68.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend was Friday, November 29th. Cboe Global Markets’s payout ratio is 34.33%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CBOE. Jefferies Financial Group decreased their price target on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, January 9th. StockNews.com lowered Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Friday. Oppenheimer reduced their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday. Barclays lowered their target price on Cboe Global Markets from $220.00 to $212.00 and set an “equal weight” rating on the stock in a research note on Monday. Finally, The Goldman Sachs Group cut Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research note on Monday, January 6th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $198.83.

Cboe Global Markets Company Profile

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.