National Bank of Canada FI Has $20.02 Million Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• National Bank of Canada FI increased its stake in Cboe Global Markets by 38.5%, acquiring an additional 24,611 shares, bringing its total holdings to 88,491 shares valued at approximately $20 million.
• Catherine R. Clay, an executive vice president at Cboe Global Markets, sold 3,598 shares of the company, representing a 62.24% decrease in her holdings, which now stand at 2,183 shares.
• Cboe Global Markets reported a 14.3% increase in quarterly revenue year-over-year, achieving earnings of $2.46 EPS, surpassing analysts' expectations of $2.43 EPS.

National Bank of Canada FI lifted its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 38.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 88,491 shares of the company's stock after buying an additional 24,611 shares during the quarter. National Bank of Canada FI owned approximately 0.08% of Cboe Global Markets worth $20,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. OneDigital Investment Advisors LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth about $265,000. Capital Investment Advisory Services LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth about $277,000. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of Cboe Global Markets by 31.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock worth $6,689,000 after buying an additional 7,146 shares in the last quarter. GAM Holding AG acquired a new position in shares of Cboe Global Markets during the first quarter worth about $1,541,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Cboe Global Markets during the first quarter worth about $3,463,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 0.9%

NASDAQ CBOE traded up $2.28 on Friday, reaching $245.99. The stock had a trading volume of 207,904 shares, compared to its average volume of 870,670. The business has a 50 day moving average price of $235.78 and a 200 day moving average price of $223.13. 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, Inc. has a 1 year low of $187.30 and a 1 year high of $255.27. The company has a market capitalization of $25.73 billion, a price-to-earnings ratio of 34.07, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating 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 business's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.15 earnings per share. On average, analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS 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. Shareholders of record on Friday, August 29th will be given a $0.72 dividend. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 annualized dividend and a yield of 1.2%. Cboe Global Markets's payout ratio is presently 29.54%.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target 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. Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Piper Sandler upped their price target on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, August 4th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $231.38.

Insider Buying and Selling

In other news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the sale, the executive vice president directly owned 2,183 shares of the company's stock, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.

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.