Goldman Sachs Group Inc. Lowers Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Cboe Global Markets by 27.1%, selling 164,271 shares to hold a total of 442,020 shares, valued at approximately $100 million.
• The company recently announced a dividend increase from $0.63 to $0.72 per share, representing a dividend yield of 1.2% and a payout ratio of 33.76%.
• Cboe Global Markets reported earnings per share (EPS) of $2.46 for the last quarter, beating analysts' expectations and showing a 14.3% revenue increase year-over-year.

Goldman Sachs Group Inc. lowered its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 27.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 442,020 shares of the company's stock after selling 164,271 shares during the quarter. Goldman Sachs Group Inc. owned 0.42% of Cboe Global Markets worth $100,025,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CBOE. Ritholtz Wealth Management lifted its position in shares of Cboe Global Markets by 0.9% during the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock valued at $1,265,000 after buying an additional 48 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Cboe Global Markets by 1.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company's stock valued at $874,000 after buying an additional 48 shares during the last quarter. Pekin Hardy Strauss Inc. lifted its position in shares of Cboe Global Markets by 0.5% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock valued at $2,436,000 after buying an additional 49 shares during the last quarter. Burney Co. lifted its position in shares of Cboe Global Markets by 0.7% during the 1st quarter. Burney Co. now owns 6,942 shares of the company's stock valued at $1,571,000 after buying an additional 51 shares during the last quarter. Finally, Argent Trust Co lifted its position in shares of Cboe Global Markets by 1.3% during the 1st quarter. Argent Trust Co now owns 4,927 shares of the company's stock valued at $1,115,000 after buying an additional 61 shares during the last quarter. Institutional investors own 82.67% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Piper Sandler increased their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the stock an "underweight" rating in a report on Tuesday, July 15th. UBS Group reissued a "neutral" rating and set a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Citigroup upped their target price on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Reduce" and an average price target of $231.38.

Cboe Global Markets Stock Down 1.1%

CBOE stock traded down $2.53 on Thursday, reaching $234.43. 936,434 shares of the company traded hands, compared to its average volume of 874,480. The company has a market cap of $24.52 billion, a P/E ratio of 32.47, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The firm has a fifty day simple moving average of $241.00 and a 200-day simple moving average of $228.44. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its 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 return on equity of 22.02% and a net margin of 18.64%.The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business posted $2.15 earnings per share. 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 announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date was Friday, August 29th. Cboe Global Markets's dividend payout ratio (DPR) is presently 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.