MBB Public Markets I LLC Buys Shares of 1,501 Cboe Global Markets, Inc. $CBOE

Key Points

• MBB Public Markets I LLC invested $340,000 in Cboe Global Markets, acquiring 1,501 shares in the first quarter.
• Several institutional investors have increased their stakes in Cboe Global Markets, with 82.67% of the stock now owned by such entities.
• Cboe reported quarterly earnings of $2.46 per share, exceeding estimates, and announced a dividend increase to $0.72, representing an annual yield of 1.2%.

MBB Public Markets I LLC bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,501 shares of the company's stock, valued at approximately $340,000.

Other institutional investors also recently bought and sold shares of the company. Clearstead Trust LLC bought a new position in Cboe Global Markets in the first quarter valued at about $26,000. NBC Securities Inc. bought a new position in Cboe Global Markets in the first quarter valued at about $27,000. Hughes Financial Services LLC bought a new position in Cboe Global Markets in the first quarter valued at about $29,000. Cornerstone Planning Group LLC lifted its holdings 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 acquiring an additional 139 shares during the period. Finally, Greenline Partners LLC bought a new position in shares of Cboe Global Markets in the fourth quarter worth about $29,000. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Trading Down 0.8%

Shares of Cboe Global Markets stock traded down $1.84 on Friday, reaching $234.53. The company had a trading volume of 601,359 shares, compared to its average volume of 874,287. The firm has a market cap of $24.53 billion, a price-to-earnings ratio of 32.48, a P/E/G ratio of 1.75 and a beta of 0.46. 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 firm's 50-day moving average price is $240.92 and its two-hundred day moving average price is $227.75. Cboe Global Markets, Inc. has a 1 year low of $187.30 and a 1 year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating 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%.During the same quarter in the previous year, the company posted $2.15 earnings per share. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be 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 is Friday, August 29th. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods raised their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. Piper Sandler raised their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. Finally, Citigroup lifted their target price on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $231.38.

Cboe Global Markets 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.