Chesley Taft & Associates LLC Boosts Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• Chesley Taft & Associates LLC increased its stake in Cboe Global Markets by 108.4% during the second quarter, reaching a total of 26,287 shares valued at approximately $6.13 million.
• Cboe Global Markets recently declared a quarterly dividend of $0.72 per share, up from its previous dividend of $0.63, reflecting a strong commitment to returning value to shareholders.
• The company reported a 14.3% increase in quarterly revenue year-over-year, with earnings per share of $2.46, exceeding analysts' expectations of $2.43.

Chesley Taft & Associates LLC boosted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 108.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 26,287 shares of the company's stock after purchasing an additional 13,675 shares during the quarter. Chesley Taft & Associates LLC's holdings in Cboe Global Markets were worth $6,130,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Gateway Investment Advisers LLC purchased a new stake in Cboe Global Markets during the 2nd quarter valued at about $897,000. Aaron Wealth Advisors LLC grew its position in Cboe Global Markets by 11.9% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 1,344 shares of the company's stock valued at $313,000 after purchasing an additional 143 shares during the last quarter. Reyes Financial Architecture Inc. purchased a new stake in Cboe Global Markets during the 2nd quarter valued at about $77,000. Czech National Bank grew its position in Cboe Global Markets by 6.5% during the 2nd quarter. Czech National Bank now owns 25,595 shares of the company's stock valued at $5,969,000 after purchasing an additional 1,551 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Cboe Global Markets by 9.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company's stock valued at $129,000 after acquiring an additional 49 shares during the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

CBOE traded down $1.56 during trading hours on Friday, hitting $232.87. The company's stock had a trading volume of 982,858 shares, compared to its average volume of 875,105. The business's 50-day moving average price is $240.96 and its 200-day moving average price is $228.70. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27. The stock has a market cap of $24.36 billion, a price-to-earnings ratio of 32.25, a P/E/G ratio of 1.75 and a beta of 0.46. 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 posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS 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%. Cboe Global Markets's revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.15 earnings per share. Sell-side analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change 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 payout ratio is presently 33.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CBOE shares. Morgan Stanley set a $218.00 price target on shares of Cboe Global Markets and gave the company an "underweight" rating in a report on Tuesday, July 15th. Oppenheimer set a $265.00 price target on shares of Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. UBS Group reaffirmed a "neutral" rating and set a $255.00 price target (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, Piper Sandler raised their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce" and an average target price of $231.38.

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.