Cboe Global Markets Inc (CBOE)

Over the past six months, Cboe Global Markets has experienced several notable events impacting its stock. Cboe reported its second-quarter earnings, with diluted EPS increasing by 68% and net revenue increasing by 14%. Cboe also increased its quarterly dividend to $0.72 per share. Analyst ratings and price targets have been updated, with Oppenheimer setting a $265.00 price target with an "outperform" rating, while Citigroup raised its price objective to $245.00 with a "neutral" rating. Overall, the stock has seen an 11.61% increase in share price between October 21, 2024, and October 20, 2025.

Demand for Cboe Global Markets' products and services can exhibit seasonal trends, particularly concerning volatility products. Implied volatility for CBOE tends to rise the most in October, while November typically sees implied volatility decline to its lowest levels. There is a growing secular trend of increased demand for continuous access to U.S. stocks, leading Cboe to announce plans to extend trading to a 24-hour, five-days-a-week format. The growth of retail investors also contributes to the demand for options trading.

Cboe Global Markets, Inc. (CBOE) is an American financial exchange operator based in Chicago, Illinois, operating a diverse portfolio of exchanges and trading venues across multiple asset classes. Cboe is known for innovations like the Cboe Volatility Index (VIX Index) and S&P 500 Index (SPX) options. Its products and services include trading platforms for options, futures, equities, exchange-traded products (ETPs), global foreign exchange (FX), and digital assets. Cboe also provides market data services, clearing houses, and operates Cboe Digital, a cryptocurrency exchange and regulated clearinghouse. The company has strategic relationships with key index providers.

Cboe Global Markets has an international presence in North America, Europe, and Asia-Pacific. In North America, it owns stock exchanges in the U.S. and Canada, with Cboe Canada accounting for approximately 15% of trading volume. Its European arm, Cboe Clear Europe, operates the largest stock exchange group in Europe by volume. In the Asia-Pacific region, Cboe operates exchanges in Australia and Japan but will wind down its Japanese equities business in July 2025. The company also has offices in other locations including Kansas City, New York, San Francisco, Singapore, Hong Kong and Quito, Ecuador.

Cboe Global Markets maintains a reputation as a leading global operator of financial exchanges, committed to operating a trusted and inclusive global marketplace. Cboe has continued its focus on innovation and expanding its offerings, launching index datasets on the Snowflake Marketplace and collaborating with Metaurus Advisors, LLC on a new U.S. Equity Index. Cboe announced its decision to wind down its Japanese equities business, reflecting a shift in strategy under new CEO Craig Donohue.

Cboe Global Markets exhibits a mixed ownership structure comprising institutional, retail, and individual investors. Institutional investors hold a significant portion of the company's stock, with approximately 88.9% of shares held by institutions. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Alliancebernstein L.P., State Street Corp, and T. Rowe Price Investment Management, Inc. Individual insiders own about 0.38% of the shares, while the general public holds approximately 10.5%.