Amundi Has $176.13 Million Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• Amundi has reduced its stake in Cboe Global Markets, Inc. by 11.9%, owning 780,009 shares worth approximately $176.1 million after selling 105,650 shares in the first quarter.
• Analysts have set target prices for Cboe Global Markets ranging from $218.00 to $265.00, with a consensus rating of "Reduce" and an average target of $231.38.
• Cboe Global Markets is set to increase its quarterly dividend to $0.72 per share, up from the previous $0.63, resulting in an annualized dividend of $2.88 with a yield of 1.2%.

Amundi reduced its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 11.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 780,009 shares of the company's stock after selling 105,650 shares during the quarter. Amundi owned about 0.74% of Cboe Global Markets worth $176,126,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. boosted its holdings in Cboe Global Markets by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company's stock worth $920,827,000 after buying an additional 54,054 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Cboe Global Markets by 15.6% in the first quarter. Invesco Ltd. now owns 1,357,792 shares of the company's stock worth $307,255,000 after buying an additional 182,725 shares during the period. Northern Trust Corp boosted its holdings in shares of Cboe Global Markets by 6.1% in the first quarter. Northern Trust Corp now owns 1,319,236 shares of the company's stock worth $298,530,000 after buying an additional 76,346 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Cboe Global Markets by 29,094.5% in the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after buying an additional 1,212,368 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of Cboe Global Markets by 11.3% in the fourth quarter. Two Sigma Advisers LP now owns 709,600 shares of the company's stock worth $138,656,000 after buying an additional 72,200 shares during the period. 82.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised 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 research note on Monday, August 4th. Piper Sandler raised their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the stock an "outperform" 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 report on Tuesday, July 15th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average price target of $231.38.

Cboe Global Markets Price Performance

Shares of CBOE traded up $1.84 during mid-day trading on Wednesday, reaching $234.27. The company had a trading volume of 172,944 shares, compared to its average volume of 874,904. The company has a market capitalization of $24.50 billion, a P/E ratio of 32.45, a P/E/G ratio of 1.75 and a beta of 0.46. The company's 50-day moving average is $240.68 and its 200-day moving average is $227.34. 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, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the firm posted $2.15 earnings per share. The firm's quarterly revenue was up 14.3% on a year-over-year basis. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.72 dividend. The ex-dividend date of this dividend is 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 payout ratio 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.