Alliancebernstein L.P. Buys 1,779,048 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Alliancebernstein L.P. increased its holdings in Cboe Global Markets, Inc. by 23.1% in the first quarter, now owning approximately 9.46 million shares valued at about $2.14 billion.
• Several institutional investors, including OneDigital Investment Advisors and Teacher Retirement System of Texas, have recently acquired new stakes in Cboe Global Markets, contributing to a total of 82.67% institutional ownership.
• Cboe Global Markets announced a quarterly dividend increase to $0.72 per share, up from the previous $0.63, representing an annualized yield of 1.2%.

Alliancebernstein L.P. grew its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 23.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,464,537 shares of the company's stock after buying an additional 1,779,048 shares during the period. Cboe Global Markets accounts for about 0.8% of Alliancebernstein L.P.'s investment portfolio, making the stock its 18th biggest holding. Alliancebernstein L.P. owned 9.04% of Cboe Global Markets worth $2,141,730,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC raised 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 purchasing an additional 100 shares in the last quarter. Benjamin Edwards Inc. raised 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 purchasing an additional 4,426 shares in the last quarter. Bank of America Corp DE raised 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 purchasing an additional 7,986 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Cboe Global Markets by 108.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company's stock worth $3,498,000 after buying an additional 234,199 shares during the last quarter. Finally, Caxton Associates LP acquired a new position in Cboe Global Markets in the fourth quarter worth approximately $646,000. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Down 0.9%

NASDAQ:CBOE traded down $2.08 during trading hours on Friday, reaching $232.09. The company's stock had a trading volume of 666,401 shares, compared to its average volume of 880,957. The company has a market cap of $24.27 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The business's 50-day moving average is $240.65 and its 200-day moving average is $227.01. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping 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 quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.15 earnings per share. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.72 per share. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Cboe Global Markets's dividend payout ratio (DPR) is currently 33.76%.

Wall Street Analyst Weigh In

Several research firms have issued reports on CBOE. Keefe, Bruyette & Woods lifted their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. Morgan Stanley set a $218.00 price target on shares of Cboe Global Markets and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Citigroup lifted their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Piper Sandler lifted 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 report on Monday, August 4th. Finally, UBS Group reiterated a "neutral" rating and set a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target 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.