4,661 Shares in Cboe Global Markets, Inc. (NASDAQ:CBOE) Purchased by Mesirow Financial Investment Management Inc.

Key Points

• Mesirow Financial Investment Management Inc. acquired 4,661 shares of Cboe Global Markets, Inc. valued at approximately $1,055,000 during the first quarter, signaling growing institutional interest in the stock.
• Cboe Global Markets reported a quarterly earnings per share (EPS) of $2.50, exceeding the consensus estimate of $2.36, alongside a 12.6% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.63 per share, providing a yield of 1.0%, with a payout ratio currently at 33.03%.

Mesirow Financial Investment Management Inc. acquired a new position in 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. The institutional investor acquired 4,661 shares of the company's stock, valued at approximately $1,055,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CBOE. Banque Cantonale Vaudoise purchased a new position in shares of Cboe Global Markets during the first quarter worth approximately $3,909,000. Federated Hermes Inc. increased its position in shares of Cboe Global Markets by 1.1% during the first quarter. Federated Hermes Inc. now owns 58,630 shares of the company's stock worth $13,267,000 after acquiring an additional 615 shares during the period. Picton Mahoney Asset Management purchased a new position in shares of Cboe Global Markets during the first quarter worth approximately $8,256,000. Maridea Wealth Management LLC purchased a new position in shares of Cboe Global Markets during the first quarter worth approximately $272,000. Finally, Solidarity Wealth LLC increased its position in shares of Cboe Global Markets by 2.4% during the first quarter. Solidarity Wealth LLC now owns 17,342 shares of the company's stock worth $3,924,000 after acquiring an additional 403 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the transaction, the executive vice president owned 2,183 shares of the company's stock, valued at approximately $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.22% of the company's stock.

Cboe Global Markets Trading Down 0.3%

NASDAQ:CBOE opened at $241.04 on Friday. Cboe Global Markets, Inc. has a 12 month low of $181.32 and a 12 month high of $248.79. The firm has a fifty day simple moving average of $231.63 and a 200-day simple moving average of $219.56. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $25.24 billion, a P/E ratio of 33.39, a PEG ratio of 1.75 and a beta of 0.43.

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

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets's payout ratio is presently 33.03%.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of recent research reports. 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 research note on Tuesday, July 8th. UBS Group increased their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Piper Sandler increased their price objective on shares of Cboe Global Markets from $245.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, Oppenheimer upped their price target on Cboe Global Markets from $249.00 to $253.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. 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 company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.

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