Prudential PLC Increases Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

Posted by Defense World Staff on May 17th, 2023

Prudential PLC raised its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE – Get Rating) by 151.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,360 shares of the company’s stock after purchasing an additional 4,437 shares during the period. Prudential PLC’s holdings in Cboe Global Markets were worth $923,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC boosted its stake in shares of Cboe Global Markets by 36.0% in the first quarter. Private Advisor Group LLC now owns 3,099 shares of the company’s stock valued at $355,000 after purchasing an additional 820 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Cboe Global Markets by 23.1% in the first quarter. MetLife Investment Management LLC now owns 29,009 shares of the company’s stock valued at $3,319,000 after purchasing an additional 5,448 shares during the period. Panagora Asset Management Inc. boosted its stake in shares of Cboe Global Markets by 0.9% in the first quarter. Panagora Asset Management Inc. now owns 11,869 shares of the company’s stock valued at $1,358,000 after purchasing an additional 110 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Cboe Global Markets by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 14,269 shares of the company’s stock valued at $1,633,000 after purchasing an additional 883 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Cboe Global Markets by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 553,273 shares of the company’s stock valued at $63,307,000 after purchasing an additional 22,032 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $138.03 on Wednesday. The firm has a market capitalization of $14.64 billion, a P/E ratio of 71.15 and a beta of 0.61. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The company’s fifty day moving average is $133.46 and its two-hundred day moving average is $127.94. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE – Get Rating) last released its quarterly earnings data on Friday, May 5th. The company reported $1.90 EPS for the quarter, topping the consensus estimate of $1.87 by $0.03. The business had revenue of $471.40 million for the quarter, compared to analyst estimates of $482.03 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.73 EPS. Analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 1.45%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Rosenblatt Securities reiterated a “buy” rating and issued a $175.00 price target on shares of Cboe Global Markets in a research note on Thursday, April 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cboe Global Markets from $147.00 to $148.00 in a report on Monday, May 8th. Finally, Oppenheimer lifted their target price on shares of Cboe Global Markets from $147.00 to $156.00 and gave the company an “outperform” rating in a report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $142.67.

Cboe Global Markets Profile

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Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American Equities, Futures, Europe and Asia Pacific, Global FX, and Digital. The Options segment includes the options exchange business, which lists trading options on market indexes (index options), as well as on non-exclusive multiply listed options.