Liontrust Investment Partners LLP Sells 11,809 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Liontrust Investment Partners LLP has reduced its stake in Cboe Global Markets by 9.8%, selling 11,809 shares in the 1st quarter and now holds approximately $24.58 million in the company.
• Cboe Global Markets recently announced a quarterly dividend increase to $0.72 per share, reflecting a $2.88 annualized dividend and a 1.2% yield.
• Analysts have set a range of new price targets for Cboe Global Markets, with estimates including a high of $256 and a consensus average of $231.38.

Liontrust Investment Partners LLP decreased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 9.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 108,638 shares of the company's stock after selling 11,809 shares during the period. Liontrust Investment Partners LLP owned approximately 0.10% of Cboe Global Markets worth $24,584,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its stake in shares of Cboe Global Markets by 3.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock valued at $784,566,000 after purchasing an additional 126,721 shares during the last quarter. Invesco Ltd. increased its stake in shares of Cboe Global Markets by 15.6% in the 1st quarter. Invesco Ltd. now owns 1,357,792 shares of the company's stock valued at $307,255,000 after purchasing an additional 182,725 shares during the last quarter. Northern Trust Corp increased its stake in shares of Cboe Global Markets by 9.2% in the 4th quarter. Northern Trust Corp now owns 1,242,890 shares of the company's stock valued at $242,861,000 after purchasing an additional 104,257 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Cboe Global Markets by 29,094.5% in the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after purchasing an additional 1,212,368 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in shares of Cboe Global Markets by 11.3% in the 4th quarter. Two Sigma Advisers LP now owns 709,600 shares of the company's stock valued at $138,656,000 after purchasing an additional 72,200 shares during the last quarter. Institutional investors own 82.67% of the company's stock.

Insider Activity

In other news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the transaction, the executive vice president directly owned 2,183 shares in the company, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CBOE. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a research note on Monday, August 4th. UBS Group reissued a "neutral" rating and set a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Barclays raised their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Keefe, Bruyette & Woods raised 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, August 4th. Finally, Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Cboe Global Markets has an average rating of "Hold" and an average price target of $231.38.

Cboe Global Markets Stock Down 0.7%

Shares of NASDAQ:CBOE opened at $243.71 on Friday. The stock's 50-day moving average price is $235.78 and its 200-day moving average price is $223.13. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27. The stock has a market capitalization of $25.49 billion, a P/E ratio of 33.75, a price-to-earnings-growth 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.

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 net margin of 18.64% and a return on equity of 22.02%. The company's revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $2.15 earnings per share. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio (DPR) is presently 29.54%.

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.

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