Envestnet Asset Management Inc. boosted its stake in Cboe Global Markets (NASDAQ:CBOE) by 40.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,604 shares of the financial services provider’s stock after acquiring an additional 466 shares during the period. Envestnet Asset Management Inc.’s holdings in Cboe Global Markets were worth $200,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. bought a new stake in Cboe Global Markets in the fourth quarter valued at approximately $106,000. SeaCrest Wealth Management LLC bought a new stake in Cboe Global Markets in the fourth quarter valued at approximately $143,000. AlphaOne Investment Services LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at approximately $162,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Cboe Global Markets by 240.0% in the fourth quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,360 shares of the financial services provider’s stock valued at $169,000 after buying an additional 960 shares during the period. Finally, Parallel Advisors LLC lifted its stake in Cboe Global Markets by 197.7% in the fourth quarter. Parallel Advisors LLC now owns 1,581 shares of the financial services provider’s stock valued at $197,000 after buying an additional 1,050 shares during the period. Institutional investors and hedge funds own 84.40% of the company’s stock.
Shares of NASDAQ:CBOE opened at $109.33 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.40. Cboe Global Markets has a twelve month low of $81.85 and a twelve month high of $138.54. The company has a market cap of $12,221.52, a PE ratio of 31.97, a PEG ratio of 1.39 and a beta of 0.62.
Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 9th. The financial services provider reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). Cboe Global Markets had a return on equity of 12.74% and a net margin of 17.80%. The firm had revenue of $265.60 million for the quarter, compared to analyst estimates of $267.25 million. During the same period in the previous year, the company earned $0.63 earnings per share. Cboe Global Markets’s revenue for the quarter was up 85.7% compared to the same quarter last year. equities analysts predict that Cboe Global Markets will post 4.61 EPS for the current fiscal year.
Cboe Global Markets declared that its Board of Directors has authorized a share repurchase program on Tuesday, February 27th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
Several brokerages have issued reports on CBOE. BidaskClub lowered Cboe Global Markets from a “hold” rating to a “sell” rating in a research note on Wednesday. Barclays dropped their price target on Cboe Global Markets from $127.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, February 12th. Deutsche Bank raised Cboe Global Markets from a “hold” rating to a “buy” rating and dropped their price target for the company from $137.00 to $120.00 in a research note on Monday, February 12th. Goldman Sachs lowered Cboe Global Markets from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 7th. Finally, Wells Fargo reissued an “outperform” rating and issued a $120.00 price target (down from $138.00) on shares of Cboe Global Markets in a research note on Monday, February 12th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Cboe Global Markets has an average rating of “Hold” and an average target price of $119.17.
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Cboe Global Markets Profile
Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.
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