Candriam S.C.A. Sells 6,143 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Candriam S.C.A. reduced its stake in Cboe Global Markets by 24.6%, selling 6,143 shares, bringing its total holdings to 18,857 shares worth approximately $4.27 million.
• The company recently increased its quarterly dividend to $0.72 per share, representing a 1.2% yield, and has a payout ratio of 33.76%.
• Wall Street analysts have mixed ratings on Cboe Global Markets, with a consensus target price of $231.38, including two Buy ratings and nine Hold ratings.

Candriam S.C.A. decreased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 24.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,857 shares of the company's stock after selling 6,143 shares during the quarter. Candriam S.C.A.'s holdings in Cboe Global Markets were worth $4,267,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. OneDigital Investment Advisors LLC purchased a new position in Cboe Global Markets in the 1st quarter worth about $265,000. Capital Investment Advisory Services LLC purchased a new position in shares of Cboe Global Markets in the first quarter worth approximately $277,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Cboe Global Markets by 31.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock valued at $6,689,000 after acquiring an additional 7,146 shares in the last quarter. GAM Holding AG acquired a new position in Cboe Global Markets in the 1st quarter worth approximately $1,541,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Cboe Global Markets in the first quarter valued at $3,463,000. 82.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Citigroup upped their target price on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 5th. Piper Sandler boosted their price target on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research report on Monday, August 4th. Finally, Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an "outperform" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average price target of $231.38.

Cboe Global Markets Stock Down 1.1%

Shares of NASDAQ:CBOE traded down $2.63 during trading on Thursday, hitting $235.32. 388,833 shares of the company's stock traded hands, compared to its average volume of 876,796. The company has a 50-day moving average price of $239.81 and a 200-day moving average price of $225.58. 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 company has a market cap of $24.61 billion, a price-to-earnings ratio of 32.59, a price-to-earnings-growth 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.

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. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.72 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 annualized dividend and a yield of 1.2%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's payout ratio is currently 33.76%.

Cboe Global Markets Company 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.