Jump Financial LLC Cuts Stake in Cboe Global Markets, Inc. $CBOE

Key Points

• Jump Financial LLC reduced its stake in Cboe Global Markets, Inc. by 5.4%, owning 37,853 shares worth approximately $8.57 million after selling 2,169 shares in Q1.
• Cboe Global Markets has recently increased its quarterly dividend from $0.63 to $0.72 per share, with a dividend yield of 1.2%.
• Equities research analysts have varying price targets for Cboe Global Markets, with Piper Sandler setting the highest target at $265.00 and Morgan Stanley the lowest at $218.00.

Jump Financial LLC reduced its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 5.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,853 shares of the company's stock after selling 2,169 shares during the quarter. Jump Financial LLC's holdings in Cboe Global Markets were worth $8,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. OneDigital Investment Advisors LLC purchased a new stake in Cboe Global Markets in the first quarter worth $265,000. Capital Investment Advisory Services LLC purchased a new position in shares of Cboe Global Markets in the first quarter valued at $277,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Cboe Global Markets by 31.9% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock valued at $6,689,000 after purchasing an additional 7,146 shares in the last quarter. GAM Holding AG purchased a new position in shares of Cboe Global Markets in the first quarter valued at $1,541,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Cboe Global Markets in the first quarter valued at $3,463,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Down 1.1%

NASDAQ:CBOE traded down $2.69 during mid-day trading on Thursday, reaching $235.26. 1,164,346 shares of the company's stock traded hands, compared to its average volume of 881,682. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27. The firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 1.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a 50 day moving average price of $239.81 and a 200-day moving average price of $225.58.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the prior year, the business posted $2.15 EPS. Cboe Global Markets's revenue for the quarter was up 14.3% compared to the same quarter last year. On average, sell-side analysts predict 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.72 per share. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date is Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets's dividend payout ratio (DPR) is currently 33.76%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CBOE. Citigroup lifted their price target 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. Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the company an "outperform" rating in a research note on Monday, August 4th. UBS Group reissued a "neutral" rating and issued a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. Finally, Piper Sandler boosted their target price on 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 issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $231.38.

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.