Exchange Traded Concepts LLC cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 15.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,083 shares of the company’s stock after selling 2,831 shares during the period. Exchange Traded Concepts LLC’s holdings in Cboe Global Markets were worth $3,518,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ritholtz Wealth Management raised its position in shares of Cboe Global Markets by 0.9% in the first quarter. Ritholtz Wealth Management now owns 5,592 shares of the company’s stock worth $1,265,000 after acquiring an additional 48 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Cboe Global Markets by 1.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company’s stock worth $874,000 after acquiring an additional 48 shares during the period. Pekin Hardy Strauss Inc. raised its position in shares of Cboe Global Markets by 0.5% in the first quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company’s stock worth $2,436,000 after acquiring an additional 49 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Cboe Global Markets by 9.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company’s stock worth $129,000 after acquiring an additional 49 shares during the period. Finally, Burney Co. raised its position in shares of Cboe Global Markets by 0.7% in the first quarter. Burney Co. now owns 6,942 shares of the company’s stock worth $1,571,000 after acquiring an additional 51 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts have weighed in on CBOE shares. UBS Group reiterated a “neutral” rating and issued a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a research report on Monday, August 4th. Barclays upped their price objective on shares of Cboe Global Markets from $243.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Reduce” and a consensus price target of $231.38.
Check Out Our Latest Analysis on CBOE
Cboe Global Markets Stock Performance
Shares of CBOE stock opened at $232.87 on Friday. The firm’s 50 day moving average price is $240.96 and its 200-day moving average price is $228.70. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The firm has a market cap of $24.36 billion, a P/E ratio of 32.25, a P/E/G ratio of 1.75 and a beta of 0.46.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the company posted $2.15 EPS. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.
Cboe Global Markets Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.72 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. The ex-dividend date was Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 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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