Lazard Freres Gestion S.A.S. Acquires Shares of 3,400 Cboe Global Markets, Inc. $CBOE

Key Points

• Lazard Freres Gestion S.A.S. acquired 3,400 shares of Cboe Global Markets, Inc. for approximately $792,000 in the second quarter, as per its latest SEC filing.
• Cboe Global Markets announced a quarterly dividend of $0.72 per share, a significant increase from the previous $0.63, reflecting a commitment to returning value to shareholders.
• The company reported quarterly earnings on August 1st, with an EPS of $2.46, exceeding analysts' expectations and showcasing a year-over-year revenue growth of 14.3%.

Lazard Freres Gestion S.A.S. acquired a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,400 shares of the company's stock, valued at approximately $792,000.

Other institutional investors also recently modified their holdings of the company. Missouri Trust & Investment Co acquired a new position in shares of Cboe Global Markets during the second quarter worth $26,000. Clearstead Trust LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth $26,000. Hughes Financial Services LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth $29,000. Cornerstone Planning Group LLC increased its holdings in shares of Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after buying an additional 139 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Cboe Global Markets during the second quarter worth $46,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $237.25 on Friday. 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 market capitalization of $24.81 billion, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The firm's fifty day simple moving average is $239.45 and its two-hundred day simple moving average is $232.48. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly 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%. The firm's revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.15 EPS. As a group, analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets's payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CBOE. Morgan Stanley reiterated an "underweight" rating and set a $221.00 price target on shares of Cboe Global Markets in a report on Wednesday, October 1st. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. Piper Sandler set a $270.00 price objective on shares of Cboe Global Markets and gave the stock an "overweight" rating in a research note on Tuesday, October 14th. Loop Capital set a $264.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, October 8th. Finally, UBS Group reissued a "neutral" rating and issued a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets 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 stock. According to MarketBeat, Cboe Global Markets has an average rating of "Reduce" and an average price target of $235.46.

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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