Cboe Global Markets, Inc. $CBOE Stake Lifted by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. significantly increased its holdings in Cboe Global Markets, owning 14,875 shares after acquiring an additional 8,945 shares, bringing the worth of its holdings to approximately $3.37 million.
• Cboe Global Markets recently announced a quarterly dividend of $0.72, set to be paid on September 15th, which is an increase from the previous quarterly dividend of $0.63.
• Analysts have mixed ratings on Cboe Global Markets, with a target price range from various research firms varying between $245 and $265, indicating a general hold sentiment with two buy ratings and three sell ratings assigned.

Graham Capital Management L.P. grew its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 150.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,875 shares of the company's stock after acquiring an additional 8,945 shares during the period. Graham Capital Management L.P.'s holdings in Cboe Global Markets were worth $3,366,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of CBOE. T. Rowe Price Investment Management Inc. raised its position in shares of Cboe Global Markets by 1.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company's stock worth $920,827,000 after purchasing an additional 54,054 shares during the last quarter. Invesco Ltd. raised its holdings in Cboe Global Markets by 15.6% in the 1st quarter. Invesco Ltd. now owns 1,357,792 shares of the company's stock valued at $307,255,000 after acquiring an additional 182,725 shares during the last quarter. Northern Trust Corp raised its holdings 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 acquiring an additional 76,346 shares during the last quarter. GAMMA Investing LLC raised its holdings in Cboe Global Markets by 29,094.5% in the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after acquiring an additional 1,212,368 shares during the last quarter. Finally, Two Sigma Advisers LP grew its stake in shares of Cboe Global Markets by 11.3% during the 4th quarter. Two Sigma Advisers LP now owns 709,600 shares of the company's stock valued at $138,656,000 after buying an additional 72,200 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

NASDAQ CBOE traded up $3.53 on Wednesday, hitting $235.41. The stock had a trading volume of 976,271 shares, compared to its average volume of 883,425. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year 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 stock has a market cap of $24.62 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 1.75 and a beta of 0.46. The company's 50-day moving average is $240.43 and its two-hundred day moving average is $226.50.

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 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 in the previous year, the business posted $2.15 earnings per share. The company's revenue was up 14.3% compared to the same quarter last year. On average, analysts expect 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date is Friday, August 29th. Cboe Global Markets's payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CBOE. Barclays boosted their price objective on shares of Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. UBS Group reiterated a "neutral" rating and issued a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Piper Sandler boosted their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. 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. Finally, Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets presently has a consensus 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.