AQR Capital Management LLC Reduces Position in Cboe Global Markets, Inc. $CBOE

Key Points

• AQR Capital Management LLC reduced its holdings in Cboe Global Markets by 10.2%, owning 639,260 shares valued at approximately $144.47 million post-sale.
• Cboe Global Markets has recently declared an increased quarterly dividend of $0.72 per share, with the ex-dividend date set for August 29th, 2023.
• Equities analysts have set new price targets for Cboe Global Markets, with Oppenheimer raising its target to $265.00 and Barclays to $256.00, while the stock currently has a consensus rating of "Reduce".

AQR Capital Management LLC cut its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 10.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 639,260 shares of the company's stock after selling 72,718 shares during the quarter. AQR Capital Management LLC owned approximately 0.61% of Cboe Global Markets worth $144,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of CBOE. Brighton Jones LLC lifted its holdings in Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock worth $213,000 after buying an additional 100 shares during the period. Bank of America Corp DE lifted its holdings in Cboe Global Markets by 1.8% in the fourth quarter. Bank of America Corp DE now owns 460,214 shares of the company's stock worth $89,926,000 after buying an additional 7,986 shares during the period. Balyasny Asset Management L.P. lifted its holdings in Cboe Global Markets by 108.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company's stock worth $3,498,000 after buying an additional 234,199 shares during the period. Caxton Associates LP purchased a new stake in Cboe Global Markets in the fourth quarter worth about $646,000. Finally, BOKF NA lifted its holdings in Cboe Global Markets by 2.5% in the fourth quarter. BOKF NA now owns 9,758 shares of the company's stock worth $1,863,000 after buying an additional 241 shares during the period. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE traded up $1.79 during trading on Monday, hitting $234.37. The company had a trading volume of 741,072 shares, compared to its average volume of 880,519. The stock has a fifty day simple moving average of $240.65 and a two-hundred day simple moving average of $227.14. 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 capitalization of $24.51 billion, a price-to-earnings ratio of 32.46, a price-to-earnings-growth 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.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share 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 firm's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.15 EPS. On average, research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.76%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CBOE. UBS Group restated a "neutral" rating and issued a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Barclays lifted their target price on shares of Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Piper Sandler boosted their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Citigroup upped their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley set a $218.00 target price on shares of Cboe Global Markets and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and an average target price 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.