BNP Paribas Financial Markets Grows Stock Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• BNP Paribas Financial Markets increased its stake in Cboe Global Markets by 29.7%, acquiring an additional 105,920 shares, bringing its total holdings to 462,108 shares worth approximately $104.57 million.
• Cboe Global Markets announced a quarterly dividend increase to $0.72 per share, representing an annualized dividend of $2.88 and a dividend yield of 1.2%.
• The company reported a 14.3% year-over-year revenue growth and a quarterly EPS of $2.46, exceeding analysts' expectations, and has an average target price of $231.38 based on current analyst ratings.

BNP Paribas Financial Markets raised its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 29.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 462,108 shares of the company's stock after purchasing an additional 105,920 shares during the period. BNP Paribas Financial Markets owned 0.44% of Cboe Global Markets worth $104,570,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CBOE. Clearstead Trust LLC bought a new position in Cboe Global Markets in the 1st quarter valued at $26,000. NBC Securities Inc. bought a new position in Cboe Global Markets in the 1st quarter valued at $27,000. Greenline Partners LLC bought a new position in Cboe Global Markets in the 4th quarter valued at $29,000. Hughes Financial Services LLC bought a new position in Cboe Global Markets in the 1st quarter valued at $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after purchasing an additional 139 shares during the period. 82.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CBOE has been the subject of several analyst reports. UBS Group reissued a "neutral" rating and issued a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Keefe, Bruyette & Woods lifted 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 report on Monday, August 4th. 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 report on Monday, August 4th. Morgan Stanley set a $218.00 price objective 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 reaffirmed a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a report on Monday, August 4th. Two research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $231.38.

Cboe Global Markets Trading Down 0.1%

NASDAQ:CBOE traded down $0.17 during trading hours on Thursday, reaching $235.24. The company's stock had a trading volume of 94,878 shares, compared to its average volume of 878,823. The firm has a market capitalization of $24.60 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 1.75 and a beta of 0.46. The firm has a 50-day simple moving average of $240.43 and a 200-day simple moving average of $226.50. Cboe Global Markets, Inc. has a 1 year low of $187.30 and a 1 year high of $255.27. 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 issued its earnings results on Friday, August 1st. The company reported $2.46 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%. During the same period in the previous year, the firm posted $2.15 EPS. The business's quarterly revenue was up 14.3% compared to the same quarter last year. Research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.72 dividend. The ex-dividend date 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 dividend yield of 1.2%. Cboe Global Markets's dividend 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.