Callan Family Office LLC Acquires New Stake in Cboe Global Markets, Inc. $CBOE

Key Points

• Callan Family Office LLC has acquired a new stake in Cboe Global Markets, purchasing 1,296 shares valued at approximately $302,000 during the second quarter.
• Multiple institutional investors have increased their positions in Cboe Global Markets, with significant boosts reported by US Bancorp DE, Shell Asset Management Co., and Belpointe Asset Management LLC, indicating strong investor interest in the company.
• Cboe Global Markets recently raised its quarterly dividend to $0.72, reflecting a commitment to returning value to shareholders, with an annualized yield of 1.2%.

Callan Family Office LLC bought a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,296 shares of the company's stock, valued at approximately $302,000.

A number of other large investors have also recently made changes to their positions in the stock. US Bancorp DE grew its stake in Cboe Global Markets by 10.6% in the 2nd quarter. US Bancorp DE now owns 6,722 shares of the company's stock worth $1,568,000 after acquiring an additional 645 shares in the last quarter. Shell Asset Management Co. grew its stake in Cboe Global Markets by 17.0% in the second quarter. Shell Asset Management Co. now owns 35,577 shares of the company's stock worth $8,297,000 after purchasing an additional 5,157 shares in the last quarter. KLP Kapitalforvaltning AS grew its stake in Cboe Global Markets by 1.8% in the second quarter. KLP Kapitalforvaltning AS now owns 38,600 shares of the company's stock worth $9,002,000 after purchasing an additional 700 shares in the last quarter. Meitav Investment House Ltd. purchased a new position in Cboe Global Markets during the 2nd quarter worth $3,667,000. Finally, Belpointe Asset Management LLC raised its position in Cboe Global Markets by 35.0% during the 2nd quarter. Belpointe Asset Management LLC now owns 2,017 shares of the company's stock valued at $471,000 after purchasing an additional 523 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CBOE shares. Morgan Stanley reaffirmed an "underweight" rating and issued a $221.00 price target on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Piper Sandler set a $270.00 target price on Cboe Global Markets and gave the stock an "overweight" rating in a report on Tuesday. UBS Group reaffirmed a "neutral" rating and set a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Loop Capital set a $264.00 price objective on Cboe Global Markets in a research note on Wednesday, October 8th. 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. According to data from MarketBeat, Cboe Global Markets has a consensus rating of "Reduce" and a consensus price target of $235.46.

Cboe Global Markets Price Performance

Shares of CBOE opened at $235.97 on Friday. The business's 50-day moving average is $240.63 and its two-hundred day moving average is $231.88. The company has a market capitalization of $24.68 billion, a P/E ratio of 32.68, a P/E/G ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week 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 posted its earnings results 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 quarter last year, the business posted $2.15 earnings per share. The business's revenue was up 14.3% compared to the same quarter last year. Research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date was Friday, August 29th. Cboe Global Markets's dividend payout ratio (DPR) is 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.

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