Invesco Ltd. Grows Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Invesco Ltd. increased its stake in Cboe Global Markets by 15.6%, owning approximately 1.30% of the company, valued at $307.26 million as of the latest quarter.
• Institutional investors collectively own 82.67% of Cboe Global Markets' stock, highlighting strong interest from large financial entities in the company.
• Cboe Global Markets reported $2.46 EPS for its last quarter, exceeding analysts' expectations and marking a 14.3% year-over-year revenue increase.

Invesco Ltd. boosted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 15.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,357,792 shares of the company's stock after purchasing an additional 182,725 shares during the period. Invesco Ltd. owned approximately 1.30% of Cboe Global Markets worth $307,255,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CBOE. GAMMA Investing LLC grew its position in Cboe Global Markets by 29,094.5% during the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after purchasing an additional 1,212,368 shares during the last quarter. Perpetual Ltd acquired a new stake in shares of Cboe Global Markets in the 1st quarter worth $66,981,000. Citigroup Inc. lifted its stake in shares of Cboe Global Markets by 510.8% in the 1st quarter. Citigroup Inc. now owns 340,185 shares of the company's stock worth $76,980,000 after acquiring an additional 284,489 shares during the period. First Trust Advisors LP lifted its stake in shares of Cboe Global Markets by 756.0% in the 4th quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock worth $58,317,000 after acquiring an additional 263,585 shares during the period. Finally, Balyasny Asset Management L.P. lifted its stake in shares of Cboe Global Markets by 108.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company's stock worth $3,498,000 after acquiring an additional 234,199 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CBOE. Citigroup raised their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Barclays raised 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. Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $231.38.

Cboe Global Markets Trading Up 1.6%

Shares of NASDAQ:CBOE traded up $3.92 during trading on Friday, reaching $247.63. The stock had a trading volume of 740,424 shares, compared to its average volume of 874,303. The business has a fifty day moving average price of $236.28 and a 200-day moving average price of $223.57. 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 $25.90 billion, a P/E ratio of 34.30, a PEG ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating analysts' consensus estimates 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 company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $2.15 earnings per share. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.72 dividend. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.76%.

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.