Covea Finance Grows Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Covea Finance boosted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 283.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 43,300 shares of the company’s stock after purchasing an additional 32,000 shares during the period. Covea Finance’s holdings in Cboe Global Markets were worth $8,461,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on CBOE shares. The Goldman Sachs Group downgraded Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research report on Monday, January 6th. Oppenheimer lowered their price objective on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research note on Monday. William Blair began coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Finally, StockNews.com downgraded shares of Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $198.83.

Cboe Global Markets Price Performance

CBOE opened at $193.37 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.39 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $221.66. The stock has a market cap of $20.24 billion, a price-to-earnings ratio of 26.34, a P/E/G ratio of 1.71 and a beta of 0.68. The firm’s fifty day moving average price is $201.39.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors 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 1.30%. The ex-dividend date of this dividend was Friday, November 29th. Cboe Global Markets’s payout ratio is 34.33%.

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.