Cboe Global Markets, Inc. $CBOE Shares Bought by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Cboe Global Markets by 404.2% during the first quarter, owning a total of 24,039 shares valued at $5.44 million.
• Several other institutional investors, including AlphaQuest LLC and Allstate Corp, also raised their investments in Cboe Global Markets, contributing to institutional investors holding 82.67% of the company's stock.
• The firm announced a quarterly dividend increase to $0.72 per share, representing an annualized yield of 1.2%, up from its previous quarterly dividend of $0.63.

Northwestern Mutual Wealth Management Co. increased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 404.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,039 shares of the company's stock after buying an additional 19,271 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in Cboe Global Markets were worth $5,440,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBOE. Brighton Jones LLC lifted its position in shares of Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after acquiring an additional 100 shares during the period. Coldstream Capital Management Inc. raised its holdings in Cboe Global Markets by 40.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,852 shares of the company's stock worth $362,000 after purchasing an additional 534 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Cboe Global Markets during the fourth quarter worth $723,000. Northern Trust Corp boosted its position in Cboe Global Markets by 9.2% during the fourth quarter. Northern Trust Corp now owns 1,242,890 shares of the company's stock worth $242,861,000 after purchasing an additional 104,257 shares in the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Cboe Global Markets by 40.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,765 shares of the company's stock valued at $345,000 after purchasing an additional 512 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Trading Down 1.7%

Shares of Cboe Global Markets stock traded down $4.07 during trading hours on Tuesday, reaching $231.88. 1,138,603 shares of the company's stock were exchanged, compared to its average volume of 882,863. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $255.27. The company has a fifty day moving average of $240.34 and a 200-day moving average of $226.44. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $24.25 billion, a price-to-earnings ratio of 32.12, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $2.46 EPS 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%.During the same period last year, the company earned $2.15 earnings per share. Cboe Global Markets's revenue was up 14.3% on a year-over-year basis. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports 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. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research report on Monday, May 5th. UBS Group reaffirmed a "neutral" rating and issued a $255.00 price target (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Piper Sandler increased their price target on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Finally, Royal Bank Of Canada restated a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and a consensus price target of $231.38.

Cboe Global Markets Company 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.