Martingale Asset Management L P Trims Stake in Cboe Global Markets, Inc. $CBOE

Key Points

• Martingale Asset Management reduced its stake in Cboe Global Markets by 4.5%, now holding 90,346 shares valued at approximately $20.44 million.
• Cboe Global Markets has recently declared a quarterly dividend increase to $0.72 per share, up from $0.63, representing an annual yield of 1.1%.
• The company reported an EPS of $2.46 in its last quarterly earnings, exceeding estimates, with a year-over-year revenue increase of 14.3%.

Martingale Asset Management L P lessened its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 4.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,346 shares of the company's stock after selling 4,223 shares during the period. Martingale Asset Management L P owned 0.09% of Cboe Global Markets worth $20,444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in CBOE. Clearstead Trust LLC purchased a new position in Cboe Global Markets during the 1st quarter valued at approximately $26,000. NBC Securities Inc. purchased a new position in shares of Cboe Global Markets in the 1st quarter worth $27,000. Hughes Financial Services LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter worth about $29,000. Cornerstone Planning Group LLC raised its position in shares of Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after buying an additional 139 shares in the last quarter. Finally, Greenline Partners LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at about $29,000. 82.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CBOE has been the subject of several recent research reports. UBS Group reiterated a "neutral" rating and issued a $255.00 price target (up previously from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Citigroup lifted their target price on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Barclays boosted 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. Piper Sandler raised their price target on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 5th. Two investment 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. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $231.38.

Cboe Global Markets Trading Down 1.1%

Shares of CBOE traded down $2.82 during mid-day trading on Friday, reaching $246.43. 706,157 shares of the company's stock traded hands, compared to its average volume of 874,743. 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 stock's 50-day moving average is $238.77 and its two-hundred day moving average is $224.98. 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 cap of $25.77 billion, a P/E ratio of 34.13, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) 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%.Cboe Global Markets's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 earnings per share. Research analysts forecast 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.72 dividend. The ex-dividend date is Friday, August 29th. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. 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%.

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.