Gateway Investment Advisers LLC Purchases New Position in Cboe Global Markets, Inc. $CBOE

Key Points

• Gateway Investment Advisers LLC purchased 3,846 shares of Cboe Global Markets, valued at approximately $897,000, reflecting growing institutional interest in the company.
• Analysts have raised target prices for Cboe Global Markets, with Barclays increasing it to $256.00 and Oppenheimer setting it at $265.00, indicating positive future expectations.
• Cboe Global Markets recently increased its quarterly dividend to $0.72, with a yield of 1.2%, up from its previous dividend of $0.63.

Gateway Investment Advisers LLC bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 3,846 shares of the company's stock, valued at approximately $897,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearstead Trust LLC bought a new stake in Cboe Global Markets during the first quarter valued at about $26,000. NBC Securities Inc. acquired a new position in shares of Cboe Global Markets during the 1st quarter worth about $27,000. Hughes Financial Services LLC acquired a new position in shares of Cboe Global Markets during the 1st quarter worth about $29,000. Cornerstone Planning Group LLC boosted its stake in 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 purchasing an additional 139 shares during the period. Finally, Pandora Wealth Inc. acquired a new stake in Cboe Global Markets in the 1st quarter valued at approximately $45,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an "outperform" rating in a report on Monday, August 4th. Piper Sandler raised their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods upped their target price on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Barclays increased their price target 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. Finally, UBS Group restated a "neutral" rating and issued a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $231.38.

Cboe Global Markets Stock Performance

CBOE traded up $3.56 during trading on Monday, reaching $236.62. 840,111 shares of the company's stock were exchanged, compared to its average volume of 874,427. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average price of $240.98 and a 200 day moving average price of $228.97. The company has a market capitalization of $24.75 billion, a P/E ratio of 32.77, a PEG ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data 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%. The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.15 earnings per share. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets's dividend payout ratio (DPR) is presently 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.