Dakota Wealth Management Increases Position in Cboe Global Markets, Inc. $CBOE

Key Points

• Dakota Wealth Management increased its holdings in Cboe Global Markets by 18.5% in the second quarter, now owning 37,801 shares valued at approximately $8.8 million.
• Cboe Global Markets recently raised its quarterly dividend from $0.63 to $0.72 per share, resulting in an annualized yield of 1.2% and a payout ratio of 33.76%.
• Brokerages have set target prices for Cboe Global Markets, with Piper Sandler and Oppenheimer both raising their targets to $265.00, reflecting a positive outlook for the stock.

Dakota Wealth Management raised its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 18.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,801 shares of the company's stock after buying an additional 5,899 shares during the period. Dakota Wealth Management's holdings in Cboe Global Markets were worth $8,816,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Alliancebernstein L.P. raised its position in Cboe Global Markets by 23.1% in the 1st 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 in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Cboe Global Markets by 1.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company's stock valued at $920,827,000 after purchasing an additional 54,054 shares during the last quarter. Invesco Ltd. increased its position 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 purchasing an additional 182,725 shares during the last quarter. Northern Trust Corp increased its position in shares of Cboe Global Markets by 6.1% in the 1st 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 during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of 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. Institutional investors and hedge funds own 82.67% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CBOE. Piper Sandler upped their target price on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. Citigroup boosted their target price on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the company an "underweight" rating in a report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $231.38.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE opened at $243.19 on Thursday. 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 stock has a fifty day moving average price of $241.22 and a 200 day moving average price of $229.15. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27. The company has a market cap of $25.44 billion, a PE ratio of 33.68, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping 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%. The firm's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.15 earnings per share. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Cboe Global Markets Company 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.

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