Cboe Global Markets, Inc. $CBOE Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP has reduced its holdings in Cboe Global Markets, Inc. by 18.4%, selling 10,236 shares during the first quarter, and now owns 45,514 shares worth approximately $10.3 million.
• Cboe Global Markets recently announced an increase in its quarterly dividend from $0.63 to $0.72 per share, representing an annualized dividend yield of 1.2%.
• The company's stock price opened at $249.25, and analysts have set varying price targets, with the average target price currently at $231.38.

Korea Investment CORP reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 18.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,514 shares of the company's stock after selling 10,236 shares during the quarter. Korea Investment CORP's holdings in Cboe Global Markets were worth $10,299,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CBOE. Clearstead Trust LLC acquired a new position in Cboe Global Markets in the first quarter valued at $26,000. NBC Securities Inc. acquired a new position in Cboe Global Markets in the first quarter valued at $27,000. Greenline Partners LLC acquired a new position in Cboe Global Markets in the fourth quarter valued at $29,000. Hughes Financial Services LLC acquired a new position in Cboe Global Markets in the first quarter valued at $29,000. Finally, Cornerstone Planning Group LLC increased its stake in Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Trading Down 2.0%

NASDAQ:CBOE traded down $4.81 on Wednesday, hitting $237.95. 1,181,156 shares of the stock were exchanged, compared to its average volume of 879,948. The stock has a market cap of $24.89 billion, a PE ratio of 32.96, a PEG ratio of 1.75 and a beta of 0.46. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a fifty day moving average of $239.81 and a 200-day moving average of $225.58. 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 announced its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping the consensus estimate 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 last year, the firm earned $2.15 earnings per share. Cboe Global Markets's revenue was up 14.3% on a year-over-year basis. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.72 dividend. 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. The ex-dividend date is Friday, August 29th. Cboe Global Markets's payout ratio is 33.76%.

Analyst Ratings Changes

Several research firms recently commented on CBOE. UBS Group reiterated a "neutral" rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Piper Sandler upped 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. Keefe, Bruyette & Woods upped their target price on 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. Loop Capital set a $227.00 target price on Cboe Global Markets in a research note on Monday, May 5th. Finally, Barclays upped their target price on 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. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce" and an average target price 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.