CW Advisors LLC Takes $1.77 Million Position in Cboe Global Markets, Inc. $CBOE

Key Points

• CW Advisors LLC acquired 7,816 shares of Cboe Global Markets, valued at approximately $1,769,000, during the 1st quarter, indicating growing institutional interest in the company.
• The company recently declared a quarterly dividend of $0.72 per share, up from $0.63, which reflects a positive trend in return for shareholders.
• Equity analysts project a consensus target price of $231.38 for Cboe Global Markets, with varying ratings from buy to sell among research firms.

CW Advisors LLC bought a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,816 shares of the company's stock, valued at approximately $1,769,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. increased its stake in shares of Cboe Global Markets by 1.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company's stock worth $920,827,000 after purchasing an additional 54,054 shares during the last quarter. Invesco Ltd. raised its stake in shares of Cboe Global Markets by 15.6% in the 1st quarter. Invesco Ltd. now owns 1,357,792 shares of the company's stock valued at $307,255,000 after buying an additional 182,725 shares in the last quarter. Northern Trust Corp boosted its holdings in Cboe Global Markets by 6.1% during the first quarter. Northern Trust Corp now owns 1,319,236 shares of the company's stock valued at $298,530,000 after purchasing an additional 76,346 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Cboe Global Markets by 29,094.5% during the first 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 period. Finally, Two Sigma Advisers LP increased its holdings in shares of Cboe Global Markets by 11.3% during the fourth quarter. Two Sigma Advisers LP now owns 709,600 shares of the company's stock worth $138,656,000 after buying an additional 72,200 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Down 1.1%

Shares of Cboe Global Markets stock traded down $2.69 on Thursday, hitting $235.26. The stock had a trading volume of 1,165,870 shares, compared to its average volume of 881,691. The firm has a market capitalization of $24.61 billion, a P/E ratio of 32.58, a PEG ratio of 1.75 and a beta of 0.46. The stock has a 50 day moving average of $239.81 and a 200 day moving average of $225.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS 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 revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned $2.15 EPS. Sell-side 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 firm 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 dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, August 29th. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. 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

Several research firms have recently commented on CBOE. UBS Group reissued a "neutral" rating and set a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Barclays boosted their target price on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods upped their target price on Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. Finally, Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Cboe Global Markets has an average rating of "Reduce" and an average target price of $231.38.

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.