J. Safra Sarasin Holding AG Acquires 14,119 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• J. Safra Sarasin Holding AG increased its stake in Cboe Global Markets by 311.1%, owning a total of 18,658 shares worth approximately $4.35 million after acquiring an additional 14,119 shares.
• Several institutional investors, including McGuire Investment Group LLC and J2 Capital Management Inc, have also increased their stakes in Cboe Global Markets, reflecting a strong interest from institutional funds.
• Cboe Global Markets recently raised its quarterly dividend from $0.63 to $0.72, marking an increase in its annualized dividend yield to 1.2%.

J. Safra Sarasin Holding AG increased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 311.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,658 shares of the company's stock after buying an additional 14,119 shares during the period. J. Safra Sarasin Holding AG's holdings in Cboe Global Markets were worth $4,350,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CBOE. J2 Capital Management Inc lifted its position in shares of Cboe Global Markets by 39.6% during the second quarter. J2 Capital Management Inc now owns 1,400 shares of the company's stock worth $326,000 after purchasing an additional 397 shares in the last quarter. Access Financial Services Inc. raised its position in Cboe Global Markets by 0.8% in the 2nd quarter. Access Financial Services Inc. now owns 7,782 shares of the company's stock worth $1,815,000 after purchasing an additional 62 shares during the last quarter. McGuire Investment Group LLC lifted its holdings in Cboe Global Markets by 0.9% during the 2nd quarter. McGuire Investment Group LLC now owns 96,181 shares of the company's stock worth $22,430,000 after buying an additional 857 shares in the last quarter. XY Planning Network Inc. acquired a new position in Cboe Global Markets during the 2nd quarter worth $1,105,000. Finally, RBA Wealth Management LLC boosted its position in Cboe Global Markets by 4.5% in the 2nd quarter. RBA Wealth Management LLC now owns 25,148 shares of the company's stock valued at $5,865,000 after buying an additional 1,094 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CBOE shares. Loop Capital set a $261.00 target price on Cboe Global Markets in a research report on Thursday. Morgan Stanley reissued an "underweight" rating and set a $221.00 price objective on shares of Cboe Global Markets in a report on Wednesday. Keefe, Bruyette & Woods raised their target price 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. Royal Bank Of Canada reissued a "sector perform" rating and set a $254.00 price target on shares of Cboe Global Markets in a research note on Monday, August 4th. Finally, Citigroup increased their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $234.23.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $241.49 on Friday. The stock has a market cap of $25.26 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The stock has a 50-day moving average of $241.68 and a 200-day moving average of $230.38. 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 one year low of $187.30 and a one year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share 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 quarter last year, the business posted $2.15 EPS. The firm's revenue was up 14.3% compared to the same quarter last year. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.72 dividend. The ex-dividend date was Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio is currently 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.

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