Diversify Wealth Management LLC Makes New $2.47 Million Investment in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Diversify Wealth Management LLC purchased a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,381 shares of the company's stock, valued at approximately $2,470,000.

Several other large investors have also recently added to or reduced their stakes in CBOE. Capital Investment Advisory Services LLC acquired a new position in Cboe Global Markets in the 1st quarter valued at $277,000. OneDigital Investment Advisors LLC bought a new position in Cboe Global Markets during the 1st quarter valued at about $265,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Cboe Global Markets by 31.9% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock worth $6,689,000 after acquiring an additional 7,146 shares during the last quarter. GAM Holding AG bought a new position in shares of Cboe Global Markets in the first quarter worth about $1,541,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $3,463,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Stock Down 0.9%

Shares of Cboe Global Markets stock traded down $2.01 on Tuesday, hitting $233.95. The company had a trading volume of 871,866 shares, compared to its average volume of 853,422. The stock has a 50-day moving average of $227.73 and a 200-day moving average of $215.43. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm has a market capitalization of $24.50 billion, a P/E ratio of 32.40, a P/E/G ratio of 1.75 and a beta of 0.43. Cboe Global Markets, Inc. has a twelve month low of $171.89 and a twelve month high of $237.72.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The business's revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $2.15 EPS. Research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's dividend payout ratio is presently 33.03%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president directly owned 2,183 shares of the company's stock, valued at approximately $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on CBOE shares. Bank of America reiterated a "neutral" rating and set a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Citigroup boosted their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Piper Sandler boosted their price objective on shares of Cboe Global Markets from $245.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday. UBS Group boosted their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Finally, Barclays decreased their price objective on shares of Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating for the company in a report on Thursday, July 10th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $222.58.

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.