Canada Pension Plan Investment Board reduced its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 57.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 30,229 shares of the company’s stock after selling 40,200 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Cboe Global Markets were worth $6,841,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets during the 1st quarter worth $26,000. NBC Securities Inc. bought a new position in Cboe Global Markets during the first quarter valued at about $27,000. Greenline Partners LLC purchased a new stake in Cboe Global Markets during the fourth quarter worth about $29,000. Hughes Financial Services LLC bought a new stake in Cboe Global Markets in the first quarter worth about $29,000. Finally, Cornerstone Planning Group LLC raised its position in Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $30,000 after acquiring an additional 139 shares during the period. Institutional investors own 82.67% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on CBOE shares. Citigroup increased their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the stock an “underweight” rating in a research report on Tuesday, July 15th. Barclays boosted their target price on Cboe Global Markets from $243.00 to $256.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $254.00 price target on shares of Cboe Global Markets in a research note on Monday, August 4th. Finally, Piper Sandler boosted their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets has a consensus rating of “Reduce” and an average price target of $231.38.
Check Out Our Latest Analysis on CBOE
Cboe Global Markets Price Performance
Cboe Global Markets stock opened at $231.88 on Wednesday. The firm has a market capitalization of $24.25 billion, a P/E ratio of 32.12, a PEG ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The business has a fifty day moving average price of $240.34 and a 200-day moving average price of $226.44.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the previous year, the business posted $2.15 EPS. Cboe Global Markets’s revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.
Cboe Global Markets Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. The ex-dividend date is Friday, August 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 33.76%.
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.
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