Geo Capital Gestora de Recursos Ltd Reduces Stock Position in Cboe Global Markets, Inc. $CBOE

Key Points

• Geo Capital Gestora de Recursos Ltd has reduced its position in Cboe Global Markets by 58.3%, holding 5,381 shares after selling 7,518 shares in the first quarter of 2023.
• Several large investors adjusted their holdings, with Credit Agricole S A increasing its position by 18.1% in the same quarter.
• Cboe Global Markets declared a quarterly dividend of $0.72 per share, up from the previous dividend of $0.63, showing a positive trend in the company’s profits.

Geo Capital Gestora de Recursos Ltd cut its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 58.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,381 shares of the company's stock after selling 7,518 shares during the period. Cboe Global Markets accounts for 1.7% of Geo Capital Gestora de Recursos Ltd's portfolio, making the stock its 23rd largest holding. Geo Capital Gestora de Recursos Ltd's holdings in Cboe Global Markets were worth $1,218,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Clearstead Trust LLC bought a new position in Cboe Global Markets in the first quarter worth approximately $26,000. NBC Securities Inc. bought a new position in Cboe Global Markets in the first quarter worth approximately $27,000. Hughes Financial Services LLC bought a new position in Cboe Global Markets in the first quarter worth approximately $29,000. Cornerstone Planning Group LLC raised its position in Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after acquiring an additional 139 shares during the period. Finally, Greenline Partners LLC bought a new position in Cboe Global Markets in the fourth quarter worth approximately $29,000. 82.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group reiterated a "neutral" rating and issued a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Piper Sandler raised their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the company an "outperform" rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $231.38.

Cboe Global Markets Price Performance

CBOE stock traded down $2.82 during mid-day trading on Friday, hitting $246.43. The company had a trading volume of 706,157 shares, compared to its average volume of 874,743. The company has a market capitalization of $25.77 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27. 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 company has a 50-day moving average price of $238.77 and a 200 day moving average price of $224.86.

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 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 business's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.15 EPS. On average, research analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio is presently 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.