Czech National Bank Acquires 1,551 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• The Czech National Bank increased its stake in Cboe Global Markets by 6.5%, now owning 25,595 shares valued at approximately $5.97 million.
• Cboe Global Markets reported a 14.3% increase in quarterly revenue year-over-year, with earnings per share of $2.46 for the last quarter, surpassing the consensus estimate.
• Increased dividends were declared, with a new quarterly dividend of $0.72 per share, up from $0.63, leading to an annualized yield of 1.2%.

Czech National Bank increased its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 6.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,595 shares of the company's stock after buying an additional 1,551 shares during the period. Czech National Bank's holdings in Cboe Global Markets were worth $5,969,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $265,000. Capital Investment Advisory Services LLC bought a new position in Cboe Global Markets during the 1st quarter valued at $277,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Cboe Global Markets by 31.9% during 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 bought a new position in Cboe Global Markets during the 1st quarter valued at $1,541,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Cboe Global Markets during the 1st quarter valued at $3,463,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Trading Up 0.8%

CBOE stock traded up $1.89 during midday trading on Monday, hitting $234.95. The company had a trading volume of 123,982 shares, compared to its average volume of 870,734. 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, Inc. has a 52 week low of $187.30 and a 52 week high of $255.27. The stock's 50 day moving average price is $240.96 and its 200 day moving average price is $228.81. The stock has a market cap of $24.57 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company earned $2.15 earnings per share. The firm's quarterly revenue was up 14.3% on a year-over-year basis. As a group, equities research 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 business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.72 dividend. The ex-dividend date was Friday, August 29th. This is an increase 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 dividend payout ratio is presently 33.76%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CBOE. Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. 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. Barclays lifted their target price on Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Piper Sandler lifted their target price on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. Two research 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. According to MarketBeat, the company currently has an average rating of "Reduce" and an average target price of $231.38.

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.