Aberdeen Group plc Has $18.48 Million Stock Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• Aberdeen Group plc reduced its position in Cboe Global Markets by 56.8%, selling 108,002 shares and now holding 82,015 shares valued at $18.48 million.
• Cboe Global Markets plans to increase its quarterly dividend from $0.63 to $0.72, with a yield of 1.2%.
• The company's stock performance shows a 12-month range with a low of $187.30 and a high of $255.27, currently trading at approximately $245.96.

Aberdeen Group plc cut its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 56.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,015 shares of the company's stock after selling 108,002 shares during the period. Aberdeen Group plc owned approximately 0.08% of Cboe Global Markets worth $18,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Clearstead Trust LLC acquired a new position in Cboe Global Markets during the first quarter valued at $26,000. NBC Securities Inc. acquired a new position in Cboe Global Markets during the first quarter valued at $27,000. Greenline Partners LLC acquired a new position in Cboe Global Markets during the fourth quarter valued at $29,000. Hughes Financial Services LLC acquired a new position in Cboe Global Markets during the first quarter valued at $29,000. Finally, Cornerstone Planning Group LLC raised its position in Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after buying an additional 139 shares during the period. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 1.1%

Shares of CBOE traded down $2.82 during trading hours on Friday, hitting $246.43. 706,157 shares of the company were exchanged, compared to its average volume of 874,743. The company has a market cap of $25.77 billion, a PE ratio of 34.13, a PEG ratio of 1.75 and a beta of 0.46. The firm's 50 day moving average is $238.77 and its 200-day moving average is $224.86. 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 quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping 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%.The business's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.15 earnings per share. On average, equities research 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's payout ratio is presently 33.76%.

Analyst Ratings Changes

A number of brokerages have commented on CBOE. Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Cowen restated a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Royal Bank Of Canada restated a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. Piper Sandler boosted their target price on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Finally, Barclays boosted their target price on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company 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.