D.A. Davidson & CO. Grows Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

D.A. Davidson & CO. increased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 62.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,433 shares of the company's stock after purchasing an additional 1,320 shares during the quarter. D.A. Davidson & CO.'s holdings in Cboe Global Markets were worth $777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund boosted its holdings in Cboe Global Markets by 3.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 9,283 shares of the company's stock valued at $2,101,000 after acquiring an additional 310 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $3,463,000. Aaron Wealth Advisors LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at $272,000. Summit Trail Advisors LLC increased its position in shares of Cboe Global Markets by 33.5% during the first quarter. Summit Trail Advisors LLC now owns 2,519 shares of the company's stock worth $570,000 after buying an additional 632 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Cboe Global Markets by 1.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,211 shares of the company's stock worth $3,216,000 after buying an additional 205 shares during the period. Institutional investors own 82.67% of the company's stock.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction 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 transaction, the executive vice president owned 2,183 shares in the company, valued at $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

CBOE has been the topic of several research analyst reports. Oppenheimer upped their target price on Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a research report on Monday, May 5th. Barclays cut their price target on Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating on the stock in a report on Thursday. Morgan Stanley lowered shares of Cboe Global Markets from an "overweight" rating to an "underweight" rating and lowered their price objective for the company from $256.00 to $215.00 in a research note on Wednesday, May 14th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, Piper Sandler lifted their price target on shares of Cboe Global Markets from $234.00 to $245.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $221.58.

Cboe Global Markets Stock Up 1.0%

CBOE traded up $2.37 on Thursday, hitting $234.43. The company had a trading volume of 689,603 shares, compared to its average volume of 855,478. The stock has a fifty day simple moving average of $227.29 and a 200-day simple moving average of $214.59. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm has a market capitalization of $24.55 billion, a P/E ratio of 32.47, a P/E/G ratio of 1.75 and a beta of 0.43. Cboe Global Markets, Inc. has a 52-week low of $168.16 and a 52-week high of $237.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter last year, the firm earned $2.15 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.63 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.07%. Cboe Global Markets's payout ratio is currently 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.