Northwest & Ethical Investments L.P. Acquires 22,706 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Cboe Global Markets by 29.6%, owning 99,513 shares valued at approximately $22.5 million after acquiring an additional 22,706 shares in the first quarter.
• Cboe Global Markets recently reported earnings per share of $2.46 for the last quarter, exceeding estimates and representing a 14.3% year-over-year revenue increase.
• The company announced an increase in its quarterly dividend to $0.72 per share, providing a yield of 1.2%, which is up from the previous dividend of $0.63.

Northwest & Ethical Investments L.P. raised its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 29.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,513 shares of the company's stock after purchasing an additional 22,706 shares during the period. Northwest & Ethical Investments L.P. owned about 0.10% of Cboe Global Markets worth $22,518,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CBOE. OneDigital Investment Advisors LLC bought a new position in Cboe Global Markets during the 1st quarter worth $265,000. Capital Investment Advisory Services LLC bought a new position in Cboe Global Markets during the first quarter valued at about $277,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in 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 valued at $6,689,000 after buying an additional 7,146 shares in the last quarter. GAM Holding AG bought a new position in Cboe Global Markets during the first quarter valued at about $1,541,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Cboe Global Markets during the first quarter valued at $3,463,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Trading Up 2.4%

Shares of CBOE stock traded up $5.80 on Wednesday, reaching $251.93. 1,498,766 shares of the stock were exchanged, compared to its average volume of 877,249. The stock has a market cap of $26.35 billion, a PE ratio of 34.89, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. 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 has a 50 day moving average price of $237.31 and a 200 day moving average price of $224.14.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $2.46 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%.The firm's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.15 earnings per share. Equities research 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.1%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date is Friday, August 29th. Cboe Global Markets's dividend payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CBOE shares. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods raised their price target 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. 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 research note on Monday, August 4th. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Finally, Loop Capital set a $227.00 price target on Cboe Global Markets in a research report on Monday, May 5th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of "Reduce" and a consensus target price of $231.38.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction dated Friday, May 23rd. The stock was 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 of the company's stock, valued at $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.22% of the stock is owned by corporate insiders.

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.