Bahl & Gaynor Inc. Boosts Stock Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• Bahl & Gaynor Inc. increased its holdings in Cboe Global Markets by 12.8% in the first quarter, now owning approximately 231,768 shares valued at $52.4 million.
• Several institutional investors adjusted their positions in Cboe, with 82.67% of the stock currently owned by such investors.
• Cboe Global Markets announced a quarterly dividend increase from $0.63 to $0.72, representing an annualized yield of 1.2%.

Bahl & Gaynor Inc. grew its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 12.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 231,768 shares of the company's stock after acquiring an additional 26,348 shares during the quarter. Bahl & Gaynor Inc. owned 0.22% of Cboe Global Markets worth $52,447,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CBOE. Brighton Jones LLC raised its stake in shares of Cboe Global Markets by 10.1% in 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 during the last quarter. Dimensional Fund Advisors LP increased its position in Cboe Global Markets by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 604,768 shares of the company's stock worth $118,173,000 after buying an additional 17,219 shares in the last quarter. MML Investors Services LLC increased its position in Cboe Global Markets by 132.4% in the fourth quarter. MML Investors Services LLC now owns 18,916 shares of the company's stock worth $3,696,000 after buying an additional 10,775 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of Cboe Global Markets by 47.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 5,881 shares of the company's stock worth $1,149,000 after acquiring an additional 1,906 shares during the period. Finally, Syon Capital LLC boosted its stake in shares of Cboe Global Markets by 26.8% in the fourth quarter. Syon Capital LLC now owns 1,530 shares of the company's stock worth $299,000 after acquiring an additional 323 shares during the period. Hedge funds and other institutional investors own 82.67% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Loop Capital set a $227.00 price target on Cboe Global Markets in a research note on Monday, May 5th. Keefe, Bruyette & Woods increased their price target on 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 raised their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Citigroup raised their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Cboe Global Markets presently has an average rating of "Reduce" and an average price target of $231.38.

Cboe Global Markets Stock Down 1.2%

NASDAQ:CBOE traded down $2.87 during mid-day trading on Thursday, hitting $235.08. 491,768 shares of the company's stock traded hands, compared to its average volume of 877,453. The company has a fifty day moving average of $239.81 and a 200 day moving average of $225.58. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27. The company has a market capitalization of $24.59 billion, a P/E ratio of 32.56, 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 quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The firm's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company posted $2.15 EPS. On average, analysts forecast 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. Shareholders of record on Friday, August 29th will be paid 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 33.76%.

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.