Wealthfront Advisers LLC boosted its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 16.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 33,527 shares of the company’s stock after purchasing an additional 4,687 shares during the period. Wealthfront Advisers LLC’s holdings in Cboe Global Markets were worth $7,819,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Clearstead Trust LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter valued at about $26,000. Missouri Trust & Investment Co acquired a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $26,000. Hughes Financial Services LLC acquired a new position in shares of Cboe Global Markets during the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC boosted its holdings 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 worth $30,000 after purchasing an additional 139 shares during the last quarter. Finally, Pandora Wealth Inc. purchased a new stake in shares of Cboe Global Markets during the 1st quarter valued at approximately $45,000. 82.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently commented on CBOE shares. Barclays lifted their price target on shares of Cboe Global Markets from $256.00 to $264.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Oppenheimer set a $265.00 price target on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods boosted their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a research note on Monday, August 4th. Piper Sandler set a $270.00 target price on shares of Cboe Global Markets and gave the stock an “overweight” rating in a research note on Tuesday, October 14th. Finally, UBS Group reiterated a “neutral” rating and set a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $235.46.
Read Our Latest Stock Analysis on CBOE
Cboe Global Markets Stock Down 0.2%
CBOE stock opened at $238.27 on Tuesday. The stock has a market capitalization of $24.92 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The company has a fifty day moving average of $239.12 and a 200-day moving average of $233.28. 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 (NASDAQ:CBOE – Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm posted $2.15 earnings per share. Cboe Global Markets’s revenue was up 14.3% on a year-over-year basis. As a group, analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.
Cboe Global Markets Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $0.72 dividend. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was 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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