Erste Asset Management GmbH Has $11.35 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Key Points

• Erste Asset Management GmbH reduced its stake in Cboe Global Markets by 9.5% during the first quarter, resulting in ownership of 50,977 shares, valued at approximately $11.35 million.
• Other institutional investors such as T. Rowe Price and Invesco increased their positions in Cboe Global Markets, with Invesco raising its stake by an impressive 15.6% in the same quarter.
• Cboe Global Markets recently increased its quarterly dividend to $0.72 per share, up from $0.63, reflecting a dividend yield of approximately 1.1%.

Erste Asset Management GmbH trimmed its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 9.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 50,977 shares of the company's stock after selling 5,349 shares during the period. Erste Asset Management GmbH's holdings in Cboe Global Markets were worth $11,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Credit Agricole S A increased its stake in Cboe Global Markets by 18.1% in the 1st quarter. Credit Agricole S A now owns 155,160 shares of the company's stock valued at $35,111,000 after buying an additional 23,795 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Cboe Global Markets by 3.7% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 21,904 shares of the company's stock valued at $4,957,000 after buying an additional 788 shares during the last quarter. Andina Capital Management LLC acquired a new stake in Cboe Global Markets in the 1st quarter valued at $524,000. Aviso Financial Inc. increased its stake in Cboe Global Markets by 13.1% in the 1st quarter. Aviso Financial Inc. now owns 2,593 shares of the company's stock valued at $587,000 after buying an additional 300 shares during the last quarter. Finally, Northern Trust Corp increased its stake in 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 buying an additional 76,346 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on CBOE. Piper Sandler lifted their price target on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a research note on Monday, August 4th. Citigroup lifted their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Oppenheimer set a $265.00 price target on shares of Cboe Global Markets and gave the company an "outperform" rating in a research note on Monday, August 4th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Two 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $231.38.

Cboe Global Markets Stock Performance

Shares of CBOE traded down $2.82 during midday trading on Friday, reaching $246.43. The stock had a trading volume of 706,157 shares, compared to its average volume of 874,743. The firm has a 50 day simple moving average of $238.77 and a 200-day simple moving average of $224.98. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The firm has a market cap of $25.77 billion, a PE ratio of 34.13, a P/E/G ratio of 1.75 and a beta of 0.46. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating 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 in the prior year, the firm posted $2.15 earnings per share. The company's revenue was up 14.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed 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. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets's payout ratio is 33.76%.

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.