Cboe Global Markets, Inc. $CBOE Holdings Increased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Cboe Global Markets by 67.5%, now holding 6,514 shares valued at approximately $1.52 million.
• Cboe Global Markets recently announced a quarterly dividend of $0.72, reflecting an increase from the previous $0.63 dividend, with an annual yield of 1.2%.
• Analysts have varied opinions on Cboe's stock, with target prices ranging from $235.46 to $270.00 and an average rating of "Reduce" based on recent evaluations.

Envestnet Portfolio Solutions Inc. grew its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 67.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,514 shares of the company's stock after buying an additional 2,624 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Cboe Global Markets were worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets during the 1st quarter worth about $26,000. Missouri Trust & Investment Co bought a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $26,000. Hughes Financial Services LLC bought a new stake in shares of Cboe Global Markets during the 1st quarter worth about $29,000. Cornerstone Planning Group LLC raised its holdings in shares of Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after purchasing an additional 139 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $45,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $239.62 on Friday. The firm's 50 day simple moving average is $240.37 and its 200-day simple moving average is $231.98. The company has a market cap of $25.06 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping 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%. The business's revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.15 EPS. As a group, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on CBOE shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. UBS Group reiterated a "neutral" rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Loop Capital set a $264.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price 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. Finally, 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. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and an average 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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