United Services Automobile Association bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,272 shares of the company’s stock, valued at approximately $506,000.
A number of other hedge funds also recently added to or reduced their stakes in CBOE. Brighton Jones LLC lifted its stake in Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after buying an additional 100 shares during the last quarter. Lighthouse Investment Partners LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $2,981,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Cboe Global Markets by 9.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,436 shares of the company’s stock valued at $5,166,000 after purchasing an additional 2,251 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of Cboe Global Markets by 20.3% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 4,418 shares of the company’s stock valued at $863,000 after purchasing an additional 746 shares in the last quarter. Finally, Man Group plc raised its stake in shares of Cboe Global Markets by 50.9% during the fourth quarter. Man Group plc now owns 372,489 shares of the company’s stock valued at $72,784,000 after purchasing an additional 125,610 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the company an “outperform” rating in a research note on Monday, August 4th. UBS Group restated a “neutral” rating and set a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Barclays lifted their price objective on shares of 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. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a “market perform” rating in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $231.38.
Get Our Latest Stock Analysis on Cboe Global Markets
Cboe Global Markets Price Performance
NASDAQ:CBOE opened at $234.75 on Thursday. The business’s 50-day moving average price is $240.75 and its 200 day moving average price is $227.39. The firm has a market cap of $24.55 billion, a P/E ratio of 32.51, a PEG ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $255.27. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share 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%.Cboe Global Markets’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 EPS. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.
Cboe Global Markets Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s dividend payout ratio (DPR) is 33.76%.
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.
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