abrdn plc Acquires 20,547 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

abrdn plc lifted its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 79.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,493 shares of the company’s stock after buying an additional 20,547 shares during the period. abrdn plc’s holdings in Cboe Global Markets were worth $8,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. FMR LLC boosted its position in Cboe Global Markets by 15.1% during the third quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after purchasing an additional 289,048 shares during the last quarter. Morgan Stanley boosted its position in Cboe Global Markets by 24.5% during the third quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock valued at $272,266,000 after purchasing an additional 342,505 shares during the last quarter. Northern Trust Corp boosted its position in Cboe Global Markets by 6.0% during the third quarter. Northern Trust Corp now owns 1,223,219 shares of the company’s stock valued at $191,079,000 after purchasing an additional 68,760 shares during the last quarter. Lord Abbett & CO. LLC boosted its position in Cboe Global Markets by 7.5% during the third quarter. Lord Abbett & CO. LLC now owns 1,133,901 shares of the company’s stock valued at $177,127,000 after purchasing an additional 78,675 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Cboe Global Markets by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 830,962 shares of the company’s stock valued at $129,805,000 after purchasing an additional 6,076 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on CBOE shares. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $197.00 price target on shares of Cboe Global Markets in a research report on Thursday, April 4th. Barclays raised their price objective on Cboe Global Markets from $200.00 to $211.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Rosenblatt Securities raised their price objective on Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Oppenheimer raised their price objective on Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a research report on Monday, February 5th. Finally, Bank of America raised their price objective on Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $190.18.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 5,322 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total value of $995,001.12. Following the sale, the executive vice president now owns 17,573 shares of the company’s stock, valued at approximately $3,285,448.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $179.40 on Friday. The business’s 50 day moving average is $183.78 and its 200-day moving average is $178.92. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $19.03 billion, a P/E ratio of 92.47 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, February 2nd. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.02. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. During the same quarter last year, the company earned $1.80 EPS. The company’s revenue was up 9.2% on a year-over-year basis. Equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a dividend of $0.55 per share. The ex-dividend date was Wednesday, February 28th. This represents a $2.20 dividend on an annualized basis and a yield of 1.23%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.