Bank of Montreal Can lifted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 19.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 241,995 shares of the company’s stock after purchasing an additional 38,872 shares during the period. Bank of Montreal Can owned about 0.23% of Cboe Global Markets worth $56,436,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. raised its holdings in shares of Cboe Global Markets by 23.1% in the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock valued at $2,141,730,000 after buying an additional 1,779,048 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Cboe Global Markets by 400.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock valued at $241,580,000 after buying an additional 854,325 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Cboe Global Markets in the first quarter valued at about $74,789,000. Citigroup Inc. raised its holdings in shares of Cboe Global Markets by 510.8% in the first quarter. Citigroup Inc. now owns 340,185 shares of the company’s stock valued at $76,980,000 after buying an additional 284,489 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Cboe Global Markets in the second quarter valued at about $53,776,000. Institutional investors and hedge funds own 82.67% of the company’s stock.
Cboe Global Markets Trading Up 0.5%
Shares of CBOE stock opened at $251.40 on Thursday. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. The stock has a market cap of $26.29 billion, a P/E ratio of 34.82, a P/E/G ratio of 1.75 and a beta of 0.44. The business has a fifty day simple moving average of $238.71 and a 200-day simple moving average of $234.61. 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 announced its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period in the previous year, the company earned $2.22 earnings per share. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. On average, analysts forecast 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 was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets’s payout ratio is presently 30.93%.
Analyst Upgrades and Downgrades
CBOE has been the subject of a number of research reports. Barclays upped their target price on shares of Cboe Global Markets from $264.00 to $273.00 and gave the company an “equal weight” rating in a report on Monday. UBS Group upped their target price on shares of Cboe Global Markets from $255.00 to $265.00 and gave the company a “neutral” rating in a report on Monday. Keefe, Bruyette & Woods upped their target price on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a report on Monday. Loop Capital set a $287.00 target price on shares of Cboe Global Markets in a research note on Monday. Finally, Morgan Stanley restated an “underweight” rating and issued a $221.00 target price on shares of Cboe Global Markets in a research note on Wednesday, October 1st. Three equities research 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $243.38.
Get Our Latest Stock Analysis on CBOE
About Cboe Global Markets
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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