Cboe Global Markets, Inc. $CBOE Shares Purchased by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Cboe Global Markets by 62.8%, owning nearly 20,000 shares worth $4.5 million after adding over 7,600 shares in the first quarter.
• Cboe Global Markets recently reported an earnings per share of $2.46, exceeding analysts' expectations, with a net revenue increase of 14.3% year-over-year.
• The company announced a quarterly dividend of $0.72 per share, an increase from the previous $0.63, resulting in an annual yield of 1.2%.

Federation des caisses Desjardins du Quebec grew its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 62.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,884 shares of the company's stock after acquiring an additional 7,670 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Cboe Global Markets were worth $4,499,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ritholtz Wealth Management grew its position in Cboe Global Markets by 0.9% during the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock worth $1,265,000 after purchasing an additional 48 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Cboe Global Markets by 1.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company's stock valued at $874,000 after acquiring an additional 48 shares during the period. Pekin Hardy Strauss Inc. raised its stake in Cboe Global Markets by 0.5% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock worth $2,436,000 after acquiring an additional 49 shares during the last quarter. Burney Co. grew its stake in Cboe Global Markets by 0.7% during the 1st quarter. Burney Co. now owns 6,942 shares of the company's stock valued at $1,571,000 after purchasing an additional 51 shares during the last quarter. Finally, Argent Trust Co increased its holdings in shares of Cboe Global Markets by 1.3% in the first quarter. Argent Trust Co now owns 4,927 shares of the company's stock valued at $1,115,000 after purchasing an additional 61 shares during the period. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Price Performance

Shares of CBOE stock traded down $1.94 during trading hours on Tuesday, hitting $232.43. 639,576 shares of the company's stock were exchanged, compared to its average volume of 879,185. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. The firm has a market cap of $24.31 billion, a P/E ratio of 32.19, a P/E/G ratio of 1.75 and a beta of 0.46. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $240.68 and a two-hundred day moving average of $227.30.

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 (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%. 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 forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current 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 $0.72 dividend. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets's dividend payout ratio is 33.76%.

Analysts Set New Price Targets

CBOE has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price 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. Piper Sandler raised their target price 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Citigroup lifted their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Finally, Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of "Reduce" and a consensus price target 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.