AG2R LA Mondiale Gestion D Actifs Invests $1.02 Million in Cboe Global Markets, Inc. $CBOE

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired a new stake in Cboe Global Markets, purchasing 4,470 shares valued at approximately $1,024,000 during the first quarter.
• Cboe Global Markets has increased its quarterly dividend from $0.63 to $0.72 per share, representing an annual yield of 1.2%.
• The stock currently has an average rating of "Reduce" with a consensus target price of $231.38, according to analyst reports.

AG2R LA Mondiale Gestion D Actifs acquired a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,470 shares of the company's stock, valued at approximately $1,024,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Clearstead Trust LLC bought a new position in Cboe Global Markets in the 1st quarter valued at about $26,000. NBC Securities Inc. bought a new position in shares of Cboe Global Markets in the first quarter valued at approximately $27,000. Hughes Financial Services LLC purchased a new position in shares of Cboe Global Markets during the first quarter valued at approximately $29,000. Cornerstone Planning Group LLC grew its holdings in Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after buying an additional 139 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new stake in Cboe Global Markets in the 1st quarter valued at $45,000. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Stock Performance

NASDAQ:CBOE traded up $3.15 on Wednesday, reaching $236.89. 606,107 shares of the company's stock were exchanged, compared to its average volume of 874,142. The firm has a market cap of $24.78 billion, a price-to-earnings ratio of 32.81, a P/E/G ratio of 1.75 and a beta of 0.46. 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 stock has a fifty day simple moving average of $240.92 and a 200-day simple moving average of $228.25. 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 announced its quarterly 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%. During the same quarter in the previous year, the company posted $2.15 EPS. The firm's quarterly revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business 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 represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date was Friday, August 29th. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.76%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CBOE. Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. Barclays boosted their price target on shares of Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Piper Sandler increased their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Finally, Citigroup increased their price target 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. Two 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 data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $231.38.

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.