American Century Companies Inc. Decreases Stock Position in Cboe Global Markets, Inc. $CBOE

Key Points

• American Century Companies Inc. reduced its holdings in Cboe Global Markets by 27.2%, selling 42,303 shares and now owning approximately 0.11% of the company, valued at $25.57 million.
• Several institutional investors have significantly increased their stakes in Cboe, with GAMMA Investing LLC boosting its ownership by 29,094.5% and owning 1.22 million shares.
• Cboe Global Markets has announced a quarterly dividend increase to $0.72 per share, representing a 14.3% rise from its previous dividend, and with a current annualized yield of 1.2%.

American Century Companies Inc. lessened its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 27.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 112,983 shares of the company's stock after selling 42,303 shares during the quarter. American Century Companies Inc. owned approximately 0.11% of Cboe Global Markets worth $25,567,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC purchased a new stake in Cboe Global Markets during the 1st quarter worth about $26,000. NBC Securities Inc. purchased a new stake in Cboe Global Markets during the 1st quarter worth about $27,000. Greenline Partners LLC purchased a new stake in Cboe Global Markets during the 4th quarter worth about $29,000. Hughes Financial Services LLC purchased a new stake in Cboe Global Markets during the 1st quarter worth about $29,000. Finally, Cornerstone Planning Group LLC increased its position 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 worth $30,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Trading Down 1.2%

Shares of NASDAQ:CBOE traded down $2.87 during trading on Wednesday, reaching $239.89. 724,653 shares of the stock were exchanged, compared to its average volume of 877,048. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27. The firm has a market cap of $25.09 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The firm's 50-day moving average price is $239.60 and its 200 day moving average price is $225.49.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results 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 return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the previous year, the company posted $2.15 earnings per share. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

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

Analysts Set New Price Targets

CBOE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods lifted their price objective on 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. Citigroup lifted their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada restated a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Barclays upped 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 research note on Monday, August 4th. Finally, Piper Sandler upped 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. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $231.38.

About Cboe Global Markets

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.