Cinctive Capital Management LP Takes $2.51 Million Position in Cboe Global Markets, Inc. $CBOE

Key Points

• Cinctive Capital Management LP acquired 11,088 shares of Cboe Global Markets, valued at approximately $2.5 million, as part of a new investment in the company's stock during the first quarter.
• Multiple institutional investors, including Alliancebernstein L.P. and Invesco Ltd., increased their stakes in Cboe Global Markets, reflecting strong interest, with institutional ownership reaching 82.67%.
• Cboe Global Markets recently reported a quarterly earnings per share of $2.46, surpassing estimates, and announced an increase in its dividend to $0.72 per share, up from $0.63.

Cinctive Capital Management LP bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,088 shares of the company's stock, valued at approximately $2,509,000.

A number of other institutional investors have also added to or reduced their stakes in CBOE. Clearstead Trust LLC purchased a new position in Cboe Global Markets during the 1st quarter valued at about $26,000. NBC Securities Inc. purchased a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $27,000. Greenline Partners LLC purchased a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $29,000. Hughes Financial Services LLC purchased a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC grew its position in shares of Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after buying an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

NASDAQ CBOE traded up $1.76 on Wednesday, hitting $234.19. 187,985 shares of the company's stock traded hands, compared to its average volume of 875,114. 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, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27. The firm's 50-day moving average price is $240.68 and its two-hundred day moving average price is $227.34. The firm has a market capitalization of $24.49 billion, a PE ratio of 32.44, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data 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 business posted $2.15 earnings per share. The business's revenue for the quarter was up 14.3% on a year-over-year basis. As a group, analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.72 per share. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets's payout ratio is presently 33.76%.

Wall Street Analyst Weigh In

CBOE has been the topic of a number of analyst reports. 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an "outperform" rating in a research note 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 stock a "market perform" rating in a research note on Monday, August 4th. Finally, UBS Group reiterated a "neutral" rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Two investment 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $231.38.

Cboe Global Markets 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.