Embree Financial Group Cuts Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• Embree Financial Group reduced its stake in Cboe Global Markets, Inc. by 17.5%, holding 28,254 shares after selling 6,000 shares, with the investment valued at $6,589,000.
• Cboe Global Markets recently declared a quarterly dividend of $0.72, up from the previous $0.63, representing an annualized yield of 1.2%.
• Wall Street analysts have mixed ratings for Cboe Global Markets, with two Buy ratings, nine Hold ratings, and three Sell ratings, forecasting an average price target of $231.38.

Embree Financial Group lessened its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 17.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,254 shares of the company's stock after selling 6,000 shares during the period. Cboe Global Markets makes up about 1.0% of Embree Financial Group's holdings, making the stock its 22nd biggest holding. Embree Financial Group's holdings in Cboe Global Markets were worth $6,589,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in Cboe Global Markets during the 1st quarter valued at $26,000. Missouri Trust & Investment Co bought a new stake in Cboe Global Markets during the 2nd quarter valued at $26,000. NBC Securities Inc. bought a new stake in Cboe Global Markets during the 1st quarter valued at $27,000. Hughes Financial Services LLC bought a new stake in Cboe Global Markets during the 1st quarter valued at $29,000. Finally, Cornerstone Planning Group LLC raised its holdings in Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after buying an additional 139 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Up 0.3%

NASDAQ:CBOE opened at $243.99 on Friday. The firm has a market cap of $25.52 billion, a P/E ratio of 33.79, a P/E/G ratio of 1.75 and a beta of 0.46. 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 fifty-two week low of $187.30 and a fifty-two week high of $255.27. The firm has a 50-day simple moving average of $241.35 and a two-hundred day simple moving average of $229.32.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results 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 net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the firm earned $2.15 earnings per share. Cboe Global Markets's revenue for the quarter was up 14.3% on a year-over-year basis. Analysts predict 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 declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.72 dividend. 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 dividend yield of 1.2%. The ex-dividend date was Friday, August 29th. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group reaffirmed a "neutral" rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Keefe, Bruyette & Woods raised their target price on shares of 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. Oppenheimer set a $265.00 price target on shares of Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. Piper Sandler increased their price target on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Citigroup increased their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $231.38.

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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