2,165 Shares in Cboe Global Markets, Inc. $CBOE Bought by DRW Securities LLC

Key Points

• DRW Securities LLC acquired 2,165 shares of Cboe Global Markets, Inc. valued at approximately $490,000 during the first quarter, indicating institutional interest in the company.
• Cboe Global Markets announced an increase in its quarterly dividend to $0.72, with an annualized yield of 1.2%, reflecting a positive shift from the previous dividend of $0.63.
• Market analysts have varied opinions on Cboe's stock, with price targets ranging from $218.00 to $265.00 and an average rating of "Reduce" based on several firm reports.

DRW Securities LLC purchased a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,165 shares of the company's stock, valued at approximately $490,000.

A number of other hedge funds have also recently added to or reduced their stakes in CBOE. Brighton Jones LLC boosted its holdings in Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock worth $213,000 after buying an additional 100 shares in the last quarter. AXA S.A. boosted its holdings in Cboe Global Markets by 38.8% during the fourth quarter. AXA S.A. now owns 78,778 shares of the company's stock worth $15,393,000 after buying an additional 22,031 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in Cboe Global Markets by 14.6% during the fourth quarter. Benjamin Edwards Inc. now owns 34,703 shares of the company's stock worth $6,782,000 after buying an additional 4,426 shares in the last quarter. Bank of America Corp DE boosted its holdings in Cboe Global Markets by 1.8% during the fourth quarter. Bank of America Corp DE now owns 460,214 shares of the company's stock worth $89,926,000 after buying an additional 7,986 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in Cboe Global Markets by 108.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company's stock valued at $3,498,000 after purchasing an additional 234,199 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on CBOE. Citigroup increased 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. Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a report on Monday, August 4th. Barclays increased their price objective on shares of Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the company an "underweight" rating in a report on Tuesday, July 15th. Finally, Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $231.38.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE opened at $235.95 on Monday. The firm has a 50-day simple moving average of $240.17 and a 200-day simple moving average of $226.17. The stock has a market capitalization of $24.68 billion, a price-to-earnings ratio of 32.68, a price-to-earnings-growth 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.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.46 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%. Cboe Global Markets's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 earnings per share. On average, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis 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 is Friday, August 29th. 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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