Quantitative Investment Management LLC Sells 2,289 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Quantitative Investment Management LLC reduced its stake in Cboe Global Markets by 54.7% during the first quarter, holding just 1,896 shares valued at $429,000 after selling off 2,289 shares.
• Multiple hedge funds acquired new positions in Cboe Global Markets, with significant investments including $1.54 million from GAM Holding AG and $3.46 million from Teacher Retirement System of Texas.
• Cboe Global Markets plans to increase its quarterly dividend from $0.63 to $0.72, with the ex-dividend date set for August 29.

Quantitative Investment Management LLC lessened its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 54.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,896 shares of the company's stock after selling 2,289 shares during the quarter. Quantitative Investment Management LLC's holdings in Cboe Global Markets were worth $429,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ritholtz Wealth Management boosted its stake in shares of Cboe Global Markets by 0.9% during the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock valued at $1,265,000 after buying an additional 48 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Cboe Global Markets by 1.3% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company's stock valued at $874,000 after purchasing an additional 48 shares in the last quarter. Pekin Hardy Strauss Inc. raised its position in Cboe Global Markets by 0.5% in the first quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock worth $2,436,000 after acquiring an additional 49 shares in the last quarter. Burney Co. raised its position in Cboe Global Markets by 0.7% in the first quarter. Burney Co. now owns 6,942 shares of the company's stock worth $1,571,000 after acquiring an additional 51 shares in the last quarter. Finally, Argent Trust Co raised its holdings in Cboe Global Markets by 1.3% during the 1st quarter. Argent Trust Co now owns 4,927 shares of the company's stock worth $1,115,000 after buying an additional 61 shares during the period. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Price Performance

Shares of CBOE traded down $2.69 during trading hours on Thursday, hitting $235.26. 1,165,870 shares of the company were exchanged, compared to its average volume of 881,691. The company has a market cap of $24.61 billion, a price-to-earnings ratio of 32.58, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm's fifty day moving average is $239.97 and its 200 day moving average is $225.75.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating analysts' consensus estimates 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 firm's revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $2.15 EPS. On average, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders 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 dividend on an annualized basis 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 currently 33.76%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CBOE shares. Keefe, Bruyette & Woods upped their target price on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a report on Monday, August 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Barclays raised 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. Finally, Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Two 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. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $231.38.

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.