IFM Investors Pty Ltd Trims Stock Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• IFM Investors Pty Ltd reduced its holdings in Cboe Global Markets, Inc. by 14.9% during the second quarter, now owning 21,157 shares valued at approximately $4.93 million.
• Multiple hedge funds have recently changed their positions, with notable purchases including Clearstead Trust LLC and Pandora Wealth Inc., contributing to institutional ownership of 82.67% in the company.
• Cboe Global Markets announced a quarterly dividend increase to $0.72, representing a 1.2% dividend yield, up from the previous $0.63 per share.

IFM Investors Pty Ltd lowered its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 14.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,157 shares of the company's stock after selling 3,703 shares during the quarter. IFM Investors Pty Ltd's holdings in Cboe Global Markets were worth $4,934,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after buying an additional 100 shares in the last quarter. Tidal Investments LLC boosted its stake in Cboe Global Markets by 61.5% in the 4th quarter. Tidal Investments LLC now owns 7,140 shares of the company's stock worth $1,395,000 after purchasing an additional 2,719 shares during the period. Woodline Partners LP bought a new position in Cboe Global Markets in the 4th quarter valued at $1,228,000. Toronto Dominion Bank increased its stake in Cboe Global Markets by 6.8% in the fourth quarter. Toronto Dominion Bank now owns 56,019 shares of the company's stock valued at $10,946,000 after acquiring an additional 3,589 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Cboe Global Markets by 13.2% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 1,346 shares of the company's stock valued at $263,000 after acquiring an additional 157 shares during the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Trading Up 1.5%

CBOE traded up $3.56 during trading on Monday, hitting $236.62. 840,111 shares of the stock were exchanged, compared to its average volume of 874,427. The firm has a 50 day simple moving average of $240.98 and a 200 day simple moving average of $228.97. Cboe Global Markets, Inc. has a 1 year low of $187.30 and a 1 year high of $255.27. The firm has a market cap of $24.75 billion, a price-to-earnings ratio of 32.77, a P/E/G ratio of 1.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data 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 net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the company posted $2.15 EPS. Cboe Global Markets's revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid 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 was Friday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets's dividend payout ratio is currently 33.76%.

Analyst Ratings Changes

A number of research firms have issued reports on CBOE. Citigroup raised their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a research report on Monday, August 4th. UBS Group reissued a "neutral" rating and set a $255.00 price objective (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 Cboe Global Markets and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Finally, Piper Sandler upped their target price 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. Two 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. According to MarketBeat.com, the stock has an average 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.