Cboe Global Markets, Inc. $CBOE Stock Holdings Lessened by Stack Financial Management Inc

Key Points

• Stack Financial Management Inc reduced its stake in Cboe Global Markets, Inc. by 1.6%, holding 106,576 shares worth approximately $24.86 million after selling 1,687 shares in the second quarter.
• Cboe Global Markets reported a 14.3% year-over-year increase in quarterly revenue, with earnings per share of $2.46, beating estimates by $0.03.
• The company announced an increase in its quarterly dividend to $0.72 per share, with a dividend yield of 1.2% and a payout ratio of 33.76%.

Stack Financial Management Inc lowered its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 1.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,576 shares of the company's stock after selling 1,687 shares during the period. Cboe Global Markets makes up about 2.2% of Stack Financial Management Inc's investment portfolio, making the stock its 15th largest holding. Stack Financial Management Inc owned approximately 0.10% of Cboe Global Markets worth $24,855,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets in the first quarter valued at $26,000. Missouri Trust & Investment Co bought a new position in shares of Cboe Global Markets in the second quarter valued at $26,000. Hughes Financial Services LLC purchased a new position in Cboe Global Markets during the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC grew its position in Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after purchasing an additional 139 shares in the last quarter. Finally, Pandora Wealth Inc. purchased a new position in Cboe Global Markets during the 1st quarter worth approximately $45,000. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Trading Up 1.6%

Cboe Global Markets stock opened at $244.71 on Monday. The company's fifty day simple moving average is $241.40 and its 200-day simple moving average is $231.55. 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, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27. The stock has a market cap of $25.59 billion, a P/E ratio of 33.89, a P/E/G ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating the consensus estimate 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 previous year, the company posted $2.15 EPS. The business's quarterly revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.72 per share. The ex-dividend date was Friday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio is presently 33.76%.

Analyst Ratings Changes

Several equities analysts have weighed in on CBOE shares. Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. Piper Sandler lifted their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. UBS Group reiterated a "neutral" rating and set a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an "outperform" rating in a research report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average price target of $235.08.

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.

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