Concentric Capital Strategies LP Invests $849,000 in Cboe Global Markets, Inc. $CBOE

Key Points

• Concentric Capital Strategies LP acquired a new stake in Cboe Global Markets, purchasing 3,754 shares valued at approximately $849,000 during the 1st quarter.
• Cboe Global Markets announced a quarterly dividend of $0.72 per share, an increase from the previous $0.63, with an annualized dividend yield of 1.2%.
• Several hedge funds have increased their positions in Cboe Global Markets, indicating high institutional interest as 82.67% of its stock is owned by these investors.

Concentric Capital Strategies LP bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 3,754 shares of the company's stock, valued at approximately $849,000.

Other hedge funds have also modified their holdings of the company. Alliancebernstein L.P. boosted its stake in shares of Cboe Global Markets by 23.1% in the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company's stock valued at $2,141,730,000 after purchasing an additional 1,779,048 shares during the period. GAMMA Investing LLC grew its stake in Cboe Global Markets by 29,094.5% in the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after acquiring an additional 1,212,368 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth about $74,789,000. Perpetual Ltd acquired a new stake in shares of Cboe Global Markets in the first quarter worth approximately $66,981,000. Finally, Citigroup Inc. lifted its position in Cboe Global Markets by 510.8% during the first quarter. Citigroup Inc. now owns 340,185 shares of the company's stock valued at $76,980,000 after buying an additional 284,489 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Trading Up 0.8%

Cboe Global Markets stock traded up $1.76 during trading hours on Wednesday, hitting $234.19. The stock had a trading volume of 187,985 shares, compared to its average volume of 875,114. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a market cap of $24.49 billion, a price-to-earnings ratio of 32.44, a P/E/G ratio of 1.75 and a beta of 0.46. The business's 50 day simple moving average is $240.68 and its 200-day simple moving average is $227.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping 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 business's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.15 earnings per share. On average, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal 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 given a $0.72 dividend. 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%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio is currently 33.76%.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several recent analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Citigroup increased their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Piper Sandler increased their price target on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research report on Monday, August 4th. Finally, Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the company an "outperform" rating in a research note on Monday, August 4th. Two equities research 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. According to MarketBeat.com, the stock currently has a consensus 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.