Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Bought by HB Wealth Management LLC

Key Points

• HB Wealth Management LLC increased its stake in Cboe Global Markets by 30.7% during the first quarter, owning 5,017 shares worth approximately $1.14 million.
• Cboe Global Markets recently reported earnings of $2.50 per share, exceeding analysts' estimates, with quarterly revenue up 12.6% from the same period last year.
• The firm declared a quarterly dividend of $0.63 per share, resulting in an annualized dividend yield of 1.05%, and has a payout ratio of 33.03%.

HB Wealth Management LLC grew its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 30.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,017 shares of the company's stock after acquiring an additional 1,178 shares during the period. HB Wealth Management LLC's holdings in Cboe Global Markets were worth $1,135,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. NBC Securities Inc. acquired a new stake in Cboe Global Markets in the first quarter valued at approximately $27,000. Greenline Partners LLC purchased a new position in Cboe Global Markets during the fourth quarter valued at $29,000. Hughes Financial Services LLC acquired a new stake in shares of Cboe Global Markets in the first quarter valued at about $29,000. Cornerstone Planning Group LLC increased its stake in shares of Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after purchasing an additional 139 shares in the last quarter. Finally, Versant Capital Management Inc raised its position in shares of Cboe Global Markets by 221.2% during the 1st quarter. Versant Capital Management Inc now owns 212 shares of the company's stock worth $48,000 after purchasing an additional 146 shares during the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. UBS Group increased their target price on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a report on Monday, May 5th. Oppenheimer raised their target price on Cboe Global Markets from $249.00 to $253.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 15th. Barclays cut their price objective on shares of Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating for the company in a research report on Thursday, July 10th. Citigroup raised their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Piper Sandler boosted their price objective on shares of Cboe Global Markets from $245.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Cboe Global Markets has an average rating of "Hold" and a consensus price target of $222.58.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the transaction, the executive vice president owned 2,183 shares in the company, valued at approximately $494,624.14. This represents a 62.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Stock Up 2.8%

Shares of Cboe Global Markets stock traded up $6.75 on Friday, reaching $247.79. 1,327,699 shares of the company were exchanged, compared to its average volume of 877,771. The stock's 50 day moving average price is $231.96 and its 200-day moving average price is $219.93. 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, Inc. has a 1-year low of $186.10 and a 1-year high of $249.63. The company has a market cap of $25.95 billion, a P/E ratio of 34.32, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43.

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, beating the consensus estimate 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 firm's quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $2.15 EPS. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.0%. Cboe Global Markets's payout ratio is presently 33.03%.

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.