Promethium Advisors LLC Buys 2,884 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Promethium Advisors LLC increased its holdings in Cboe Global Markets by 36.9%, making it the firm's 19th largest position, valued at approximately $2.42 million.
• Cboe Global Markets recently announced a quarterly dividend increase to $0.72 per share, with a current yield of 1.2% and a dividend payout ratio of 33.76%.
• The company's earnings per share (EPS) for the last quarter were reported at $2.46, exceeding analysts' estimates and reflecting a 14.3% year-over-year revenue increase.

Promethium Advisors LLC increased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 36.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,696 shares of the company's stock after buying an additional 2,884 shares during the period. Cboe Global Markets accounts for 1.6% of Promethium Advisors LLC's investment portfolio, making the stock its 19th biggest position. Promethium Advisors LLC's holdings in Cboe Global Markets were worth $2,420,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CBOE. GAMMA Investing LLC boosted its holdings in Cboe Global Markets by 29,094.5% in the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after purchasing an additional 1,212,368 shares during the period. Nuveen LLC purchased a new stake in shares of Cboe Global Markets during the 1st quarter valued at $74,789,000. Perpetual Ltd purchased a new stake in shares of Cboe Global Markets during the 1st quarter valued at $66,981,000. Citigroup Inc. raised its position in shares of Cboe Global Markets by 510.8% during the 1st quarter. Citigroup Inc. now owns 340,185 shares of the company's stock valued at $76,980,000 after buying an additional 284,489 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in shares of Cboe Global Markets by 108.3% during the 4th quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company's stock valued at $3,498,000 after buying an additional 234,199 shares in the last quarter. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Trading Down 0.9%

Cboe Global Markets stock traded down $2.08 during trading hours on Friday, reaching $232.09. The stock had a trading volume of 666,401 shares, compared to its average volume of 880,957. The stock has a market cap of $24.27 billion, a PE ratio of 32.15, a PEG 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 company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a fifty day simple moving average of $240.65 and a 200-day simple moving average of $226.90.

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 (EPS) 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 business's revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $2.15 EPS. Analysts forecast 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. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Cboe Global Markets's payout ratio is 33.76%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CBOE. Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an "outperform" rating in a research report on Monday, August 4th. Citigroup lifted their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. UBS Group reiterated a "neutral" rating and issued 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 reiterated a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Morgan Stanley set a $218.00 target price on shares of Cboe Global Markets and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of "Reduce" and a consensus price target of $231.38.

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.