Lbp Am Sa Sells 5,863 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Lbp Am Sa reduced its stake in Cboe Global Markets, Inc. by 25%, selling 5,863 shares and now holding 17,625 shares valued at approximately $4.11 million.
• The recent quarterly earnings report showed Cboe Global Markets achieved $2.46 earnings per share, exceeding analyst expectations, with a revenue increase of 14.3% year-over-year.
• Cboe Global Markets has announced a quarterly dividend increase to $0.72 per share, contributing to an annualized yield of 1.2% and reflecting a payout ratio of 33.76%.

Lbp Am Sa cut its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 25.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,625 shares of the company's stock after selling 5,863 shares during the period. Lbp Am Sa's holdings in Cboe Global Markets were worth $4,110,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Alliancebernstein L.P. increased its position in shares of Cboe Global Markets by 23.1% during the 1st quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company's stock valued at $2,141,730,000 after purchasing an additional 1,779,048 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Cboe Global Markets by 400.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company's stock valued at $241,580,000 after purchasing an additional 854,325 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Cboe Global Markets during the 1st quarter valued at $74,789,000. Perpetual Ltd purchased a new stake in shares of Cboe Global Markets during the 1st quarter valued at $66,981,000. Finally, Citigroup Inc. increased its position in shares of Cboe Global Markets by 510.8% during the 1st quarter. Citigroup Inc. now owns 340,185 shares of the company's stock valued at $76,980,000 after purchasing an additional 284,489 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Trading Down 1.4%

Shares of CBOE opened at $241.77 on Thursday. The business has a 50-day moving average of $241.76 and a 200 day moving average of $230.20. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. The firm has a market cap of $25.29 billion, a P/E ratio of 33.49, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced 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 return on equity of 22.02% and a net margin of 18.64%.The company's revenue was up 14.3% on a year-over-year basis. During the same period last year, the company posted $2.15 earnings per share. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Analyst Ratings Changes

Several brokerages have recently issued reports on CBOE. UBS Group reaffirmed a "neutral" rating and set a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Barclays raised their target price on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Morgan Stanley reaffirmed an "underweight" rating and set a $221.00 target price on shares of Cboe Global Markets in a research report on Wednesday. Keefe, Bruyette & Woods raised their target price on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research report on Monday, August 4th. Finally, Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the stock an "outperform" rating in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Reduce" and an average target price of $231.62.

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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