DekaBank Deutsche Girozentrale Has $94.97 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Key Points

• DekaBank Deutsche Girozentrale has increased its stake in Cboe Global Markets by 0.5%, now owning 416,064 shares valued at approximately $94.97 million.
• Cboe Global Markets reported a 14.3% increase in revenue year-over-year alongside earnings of $2.46 per share, surpassing forecasts by $0.03.
• The company announced a dividend increase to $0.72 per share, up from the previous $0.63, reflecting a yield of 1.2%.

DekaBank Deutsche Girozentrale raised its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 416,064 shares of the company's stock after purchasing an additional 2,082 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.40% of Cboe Global Markets worth $94,973,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets in the first quarter valued at approximately $26,000. Missouri Trust & Investment Co bought a new position in Cboe Global Markets in the 2nd quarter worth approximately $26,000. Hughes Financial Services LLC bought a new position in Cboe Global Markets in the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC raised its position in 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 purchasing an additional 139 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new position in Cboe Global Markets in the 1st quarter worth approximately $45,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on CBOE. Citigroup lifted their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. Piper Sandler set a $270.00 target price on shares of Cboe Global Markets and gave the stock an "overweight" rating in a report on Tuesday, October 14th. Morgan Stanley reaffirmed an "underweight" rating and set a $221.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 1st. Finally, Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an "outperform" rating in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Cboe Global Markets has an average rating of "Reduce" and a consensus target price of $235.46.

Cboe Global Markets Price Performance

Shares of CBOE stock opened at $237.09 on Tuesday. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27. The firm has a market capitalization of $24.80 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth 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. The firm has a fifty day moving average of $240.05 and a 200-day moving average of $232.23.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (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 period last year, the business posted $2.15 earnings per share. The firm's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.72 dividend. 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. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio (DPR) is currently 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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