Clarius Group LLC Acquires New Stake in Cboe Global Markets, Inc. $CBOE

Key Points

• Clarius Group LLC has acquired a new stake in Cboe Global Markets, Inc., purchasing 1,633 shares valued at approximately $381,000 during the second quarter.
• Analysts have mixed views on Cboe Global Markets, with target prices ranging from $221.00 to $261.00 and an overall average rating of "Reduce."
• Cboe Global Markets recently increased its quarterly dividend from $0.63 to $0.72 per share, representing an annualized yield of 1.2%.

Clarius Group LLC acquired a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,633 shares of the company's stock, valued at approximately $381,000.

Several other institutional investors have also bought and sold shares of CBOE. Clearstead Trust LLC purchased a new position in Cboe Global Markets in the first quarter valued at approximately $26,000. Missouri Trust & Investment Co purchased a new position in Cboe Global Markets in the second quarter valued at approximately $26,000. NBC Securities Inc. purchased a new position in Cboe Global Markets in the first quarter valued at approximately $27,000. Hughes Financial Services LLC purchased a new position in Cboe Global Markets in the first quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC lifted its stake in Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Morgan Stanley restated an "underweight" rating and set a $221.00 target price on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Citigroup increased their target price on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Loop Capital set a $261.00 target price on Cboe Global Markets in a research report on Thursday. Royal Bank Of Canada restated a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Keefe, Bruyette & Woods increased their price objective on 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. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets has an average rating of "Reduce" and a consensus price target of $234.23.

Cboe Global Markets Stock Down 1.1%

CBOE opened at $236.84 on Tuesday. The stock has a market cap of $24.77 billion, a PE ratio of 32.80, a P/E/G ratio of 1.75 and a beta of 0.44. 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 52 week low of $187.30 and a 52 week high of $255.27. The business's fifty day simple moving average is $241.44 and its 200 day simple moving average is $230.84.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its 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 company's revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.15 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

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

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.

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