Boston Trust Walden Corp Purchases 7,514 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Boston Trust Walden Corp increased its holdings in Cboe Global Markets by 2.3%, purchasing an additional 7,514 shares during Q2, bringing its total ownership to 337,573 shares valued at $78.7 million.
• Cboe Global Markets recently announced a quarterly dividend of $0.72 per share, up from $0.63, reflecting an annualized dividend yield of 1.2% and a payout ratio of 33.76%.
• The company reported $2.46 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue increase of 14.3% year-over-year.

Boston Trust Walden Corp boosted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 337,573 shares of the company's stock after acquiring an additional 7,514 shares during the quarter. Boston Trust Walden Corp owned 0.32% of Cboe Global Markets worth $78,725,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBOE. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets during the first quarter valued at about $26,000. Missouri Trust & Investment Co bought a new position in shares of Cboe Global Markets during the second quarter valued at about $26,000. Hughes Financial Services LLC bought a new position in shares of Cboe Global Markets during the first quarter valued at about $29,000. Cornerstone Planning Group LLC grew its stake in shares of Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after buying an additional 139 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new position in shares of Cboe Global Markets during the first quarter valued at about $45,000. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $243.49 on Tuesday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average of $241.25 and a 200-day moving average of $231.70. The firm has a market cap of $25.47 billion, a P/E ratio of 33.72, a P/E/G ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $2.46 earnings per share 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%. The company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $2.15 earnings per share. Sell-side analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CBOE shares. Keefe, Bruyette & Woods raised their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. UBS Group reaffirmed a "neutral" rating and set a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the company an "outperform" rating in a research note on Monday, August 4th. Piper Sandler set a $270.00 target price on shares of Cboe Global Markets and gave the stock an "overweight" rating in a report on Tuesday. Finally, Morgan Stanley reiterated an "underweight" rating and set a $221.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 1st. Two 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and a consensus target price of $235.46.

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.

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