Jefferies Financial Group Inc. Acquires New Shares in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Jefferies Financial Group Inc. has acquired 20,313 shares of Cboe Global Markets, valued at approximately $4.6 million, indicating growing institutional interest in the company's stock.
• Cboe Global Markets has seen notable changes in institutional ownership, with a substantial increase of 29,094.5% in shares held by GAMMA Investing LLC during the first quarter.
• Analysts have varying opinions on Cboe's stock, with a consensus rating of "Hold" and a target price of $222.58, highlighting mixed sentiment among market experts.

Jefferies Financial Group Inc. acquired a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,313 shares of the company's stock, valued at approximately $4,597,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBOE. Brighton Jones LLC lifted its stake in shares of Cboe Global Markets by 10.1% in the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after purchasing an additional 100 shares during the last quarter. Schroder Investment Management Group raised its holdings in shares of Cboe Global Markets by 244.7% in the 4th quarter. Schroder Investment Management Group now owns 5,374 shares of the company's stock valued at $1,053,000 after buying an additional 3,815 shares during the period. Geode Capital Management LLC raised its holdings in shares of Cboe Global Markets by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock valued at $535,994,000 after buying an additional 44,291 shares during the period. Nicolet Advisory Services LLC raised its holdings in shares of Cboe Global Markets by 12.3% in the 4th quarter. Nicolet Advisory Services LLC now owns 1,280 shares of the company's stock valued at $244,000 after buying an additional 140 shares during the period. Finally, Motley Fool Asset Management LLC raised its holdings in shares of Cboe Global Markets by 11.0% in the 4th quarter. Motley Fool Asset Management LLC now owns 2,198 shares of the company's stock valued at $429,000 after buying an additional 217 shares during the period. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock traded up $3.08 during trading hours on Monday, hitting $250.87. The stock had a trading volume of 974,529 shares, compared to its average volume of 878,434. The stock's 50 day moving average is $232.34 and its 200 day moving average is $220.70. The firm has a market capitalization of $26.27 billion, a PE ratio of 34.75, a PEG ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $251.21. 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 (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $2.46 EPS 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%. During the same period in the previous year, the business earned $2.15 earnings per share. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is presently 29.54%.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a report on Monday. Oppenheimer boosted their price objective on Cboe Global Markets from $253.00 to $265.00 and gave the company an "outperform" rating in a report on Monday. Piper Sandler upped their price target on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday. Bank of America restated a "neutral" rating and set a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Finally, UBS Group upped their price target on Cboe Global Markets from $245.00 to $255.00 and gave the stock a "neutral" rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $229.50.

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 3,598 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the sale, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.22% of the company's stock.

Cboe Global Markets 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.