Cboe Global Markets, Inc. $CBOE Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in Cboe Global Markets by 1.0% in Q1, now owning 598,805 shares worth approximately $135.49 million.
• Cboe Global Markets announced an increase in its quarterly dividend to $0.72 per share, representing a 1.2% yield and a total annualized amount of $2.88.
• The stock opened at $249.25 and has a market capitalization of $26.07 billion, with a recent earnings report showing a 14.3% revenue increase year-over-year.

Dimensional Fund Advisors LP decreased its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 1.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 598,805 shares of the company's stock after selling 5,963 shares during the quarter. Dimensional Fund Advisors LP owned 0.57% of Cboe Global Markets worth $135,490,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CBOE shares. Barclays boosted their price target on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Piper Sandler boosted their price target on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Royal Bank Of Canada restated a "sector perform" rating and issued a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, 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 research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Cboe Global Markets presently has an average rating of "Reduce" and a consensus target price of $231.38.

Cboe Global Markets Price Performance

Shares of CBOE traded down $4.81 during trading hours on Wednesday, hitting $237.95. 1,181,156 shares of the stock were exchanged, compared to its average volume of 879,948. 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, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27. The company has a market cap of $24.89 billion, a price-to-earnings ratio of 32.96, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The stock's 50-day moving average price is $239.81 and its two-hundred day moving average price is $225.58.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results 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 return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the previous year, the business earned $2.15 earnings per share. Cboe Global Markets's revenue for the quarter was up 14.3% compared to the same quarter last year. 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 declared 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 is 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 dividend yield of 1.2%. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.76%.

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.