Cboe Global Markets, Inc. $CBOE Shares Sold by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC reduced its stake in Cboe Global Markets by 15.8%, now owning 15,083 shares worth approximately $3.5 million.
• Several institutional investors, including MassMutual Private Wealth & Trust and Ritholtz Wealth Management, have increased their positions in Cboe during the first and second quarters of the year.
• Cboe recently announced a quarterly dividend increase from $0.63 to $0.72 per share, representing an annualized yield of 1.2%.

Exchange Traded Concepts LLC trimmed its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 15.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,083 shares of the company's stock after selling 2,831 shares during the period. Exchange Traded Concepts LLC's holdings in Cboe Global Markets were worth $3,518,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. grew its holdings in Cboe Global Markets by 23.1% in the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company's stock valued at $2,141,730,000 after purchasing an additional 1,779,048 shares during the period. GAMMA Investing LLC lifted its holdings in Cboe Global Markets by 29,094.5% during the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after buying an additional 1,212,368 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Cboe Global Markets by 400.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company's stock valued at $241,580,000 after purchasing an additional 854,325 shares during the last quarter. Nuveen LLC acquired a new position in Cboe Global Markets in the first quarter valued at approximately $74,789,000. Finally, Perpetual Ltd acquired a new position in shares of Cboe Global Markets during the first quarter valued at $66,981,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CBOE shares. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Piper Sandler increased their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Barclays increased their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Keefe, Bruyette & Woods lifted their target price on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Finally, UBS Group reiterated a "neutral" rating and set a $255.00 price target (up previously from $245.00) on shares of Cboe Global Markets in a research note 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 an average target price of $231.38.

Cboe Global Markets Trading Down 0.7%

CBOE stock traded down $1.56 during trading on Friday, hitting $232.87. The company had a trading volume of 982,858 shares, compared to its average volume of 875,105. The business has a 50-day moving average of $240.96 and a 200-day moving average of $228.81. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The stock has a market cap of $24.36 billion, a PE ratio of 32.25, a PEG ratio of 1.75 and a beta of 0.46. 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 (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data 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%. During the same quarter in the prior year, the firm earned $2.15 earnings per share. Cboe Global Markets's quarterly revenue was up 14.3% on a year-over-year basis. Research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced 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 of this dividend was 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 yield of 1.2%. Cboe Global Markets's payout ratio is 33.76%.

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.