Triasima Portfolio Management inc. Acquires New Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Triasima Portfolio Management inc. acquired a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 6,120 shares of the company’s stock, valued at approximately $1,196,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in Cboe Global Markets in the 4th quarter worth approximately $36,000. TD Private Client Wealth LLC boosted its stake in Cboe Global Markets by 149.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock worth $76,000 after purchasing an additional 222 shares during the period. Trust Co. of Vermont boosted its stake in Cboe Global Markets by 2,000.0% in the 4th quarter. Trust Co. of Vermont now owns 420 shares of the company’s stock worth $82,000 after purchasing an additional 400 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in Cboe Global Markets in the 3rd quarter worth approximately $158,000. Finally, USA Financial Formulas bought a new position in Cboe Global Markets in the 4th quarter worth approximately $182,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

NASDAQ:CBOE opened at $207.00 on Friday. The firm’s fifty day moving average is $199.62. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $221.66. The stock has a market cap of $21.67 billion, a price-to-earnings ratio of 23.82, a PEG ratio of 2.10 and a beta of 0.68. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 19.65% and a return on equity of 22.33%. Equities analysts forecast that Cboe Global Markets, Inc. will post 8.64 EPS for the current year.

Wall Street Analyst Weigh In

CBOE has been the topic of several recent research reports. Barclays decreased their price objective on Cboe Global Markets from $220.00 to $212.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. William Blair initiated coverage on Cboe Global Markets in a report on Thursday, January 9th. They set a “market perform” rating on the stock. StockNews.com cut Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Friday, January 10th. Keefe, Bruyette & Woods decreased their price objective on Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $198.83.

Cboe Global Markets 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.