IFM Investors Pty Ltd lessened its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 14.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,157 shares of the company’s stock after selling 3,703 shares during the period. IFM Investors Pty Ltd’s holdings in Cboe Global Markets were worth $4,934,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Clearstead Trust LLC purchased a new stake in shares of Cboe Global Markets during the 1st quarter valued at $26,000. NBC Securities Inc. purchased a new position in Cboe Global Markets in the 1st quarter worth $27,000. Hughes Financial Services LLC purchased a new position in shares of Cboe Global Markets during the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC raised its stake in shares of Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $30,000 after buying an additional 139 shares during the last quarter. Finally, Pandora Wealth Inc. purchased a new position in shares of Cboe Global Markets during the 1st quarter valued at about $45,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.
Analysts Set New Price Targets
A number of equities analysts have weighed in on CBOE shares. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the company an “underweight” rating in a research note on Tuesday, July 15th. Citigroup raised their target price on Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. Piper Sandler raised their target price on Cboe Global Markets from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Finally, Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Reduce” and an average price target of $231.38.
Read Our Latest Report on Cboe Global Markets
Cboe Global Markets Stock Down 0.7%
Shares of NASDAQ CBOE opened at $232.87 on Monday. The firm has a market cap of $24.36 billion, a price-to-earnings ratio of 32.25, a PEG ratio of 1.75 and a beta of 0.46. 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, Inc. has a 52-week low of $187.30 and a 52-week high of $255.27. The business’s 50 day moving average is $240.96 and its two-hundred day moving average is $228.81.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last posted its quarterly earnings results 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%. The company’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.15 earnings per share. 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 declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.63. The ex-dividend date was Friday, August 29th. Cboe Global Markets’s payout ratio is presently 33.76%.
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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