Caisse DE Depot ET Placement DU Quebec Has $6.32 Million Position in Cboe Global Markets, Inc. $CBOE

Key Points

• Caisse DE Depot ET Placement DU Quebec reduced its stake in Cboe Global Markets by 72.7%, ending the quarter with 27,936 shares valued at approximately $6.32 million.
• Cboe Global Markets has announced a quarterly dividend of $0.72, reflecting an increase from the previous dividend of $0.63, with a yield of 1.2%.
• The company reported earnings of $2.46 per share, exceeding expectations, with a 14.3% increase in revenue compared to the same quarter last year.

Caisse DE Depot ET Placement DU Quebec lessened its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 72.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,936 shares of the company's stock after selling 74,414 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Cboe Global Markets were worth $6,322,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of CBOE. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $26,000. NBC Securities Inc. bought a new stake in shares of Cboe Global Markets in the 1st quarter worth $27,000. Greenline Partners LLC acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $29,000. Hughes Financial Services LLC acquired a new stake in shares of Cboe Global Markets during the first quarter worth $29,000. Finally, Cornerstone Planning Group LLC raised its position 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 worth $30,000 after purchasing an additional 139 shares during the period. Institutional investors own 82.67% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on CBOE. UBS Group restated a "neutral" rating and issued a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Piper Sandler boosted 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. Loop Capital set a $227.00 price target on Cboe Global Markets in a report on Monday, May 5th. Barclays increased their target price 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. Finally, Cowen reissued 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 given a Sell rating to the company. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of "Reduce" and an average target price of $231.38.

Cboe Global Markets Stock Down 1.2%

Shares of Cboe Global Markets stock traded down $2.76 during trading on Tuesday, reaching $233.19. The stock had a trading volume of 598,492 shares, compared to its average volume of 879,450. The company has a market capitalization of $24.39 billion, a price-to-earnings ratio of 32.30, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week high of $255.27. The stock has a fifty day moving average price of $240.28 and a two-hundred day moving average price of $226.40. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly 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 return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the prior year, the firm earned $2.15 EPS. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal 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 dividend of $0.72 per share. The ex-dividend date is Friday, August 29th. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 annualized dividend and a yield of 1.2%. Cboe Global Markets's dividend payout ratio is currently 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.