Cboe Global Markets, Inc. (NASDAQ:CBOE) Stake Increased by Wealthfront Advisers LLC

Wealthfront Advisers LLC grew its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 21.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,840 shares of the company's stock after purchasing an additional 5,012 shares during the quarter. Wealthfront Advisers LLC's holdings in Cboe Global Markets were worth $6,526,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. NBC Securities Inc. acquired a new position in shares of Cboe Global Markets during the first quarter worth about $27,000. Hughes Financial Services LLC purchased a new stake in shares of Cboe Global Markets during the first quarter worth about $29,000. Cornerstone Planning Group LLC increased its position in shares of Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Greenline Partners LLC purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth about $29,000. Finally, Lee Danner & Bass Inc. purchased a new stake in shares of Cboe Global Markets during the fourth quarter worth about $29,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the sale, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CBOE. Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the stock an "underweight" rating in a research report on Tuesday. Piper Sandler lifted their target price on Cboe Global Markets from $245.00 to $250.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group lifted their target price on Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Barclays dropped their target price on Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 10th. Finally, Citigroup upped their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $222.58.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE traded up $0.61 during trading on Friday, hitting $238.45. 2,120,323 shares of the company traded hands, compared to its average volume of 863,386. The stock has a market capitalization of $24.97 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 1.75 and a beta of 0.43. The business's fifty day moving average is $228.07 and its 200-day moving average is $216.27. Cboe Global Markets, Inc. has a one year low of $181.32 and a one year high of $239.67. 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 issued its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. Cboe Global Markets's quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the business posted $2.15 earnings per share. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.06%. Cboe Global Markets's dividend payout ratio (DPR) is 33.03%.

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.