330,501 Shares in Cboe Global Markets, Inc. (NASDAQ:CBOE) Purchased by Nuveen LLC

Key Points

• Nuveen LLC has acquired 330,501 shares of Cboe Global Markets, Inc., worth approximately $74.8 million, increasing its ownership to 0.32% by the end of the recent quarter.
• Wall Street analysts have set a consensus target price of $231.38 for Cboe Global Markets, with a mixed rating from analysts that includes ten hold ratings, two buy ratings, and three sell ratings.
• In its latest earnings report, Cboe posted an EPS of $2.46, exceeding expectations and marking a 14.3% increase in quarterly revenue year-over-year.

Nuveen LLC bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 330,501 shares of the company's stock, valued at approximately $74,789,000. Nuveen LLC owned about 0.32% of Cboe Global Markets as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CBOE. Brighton Jones LLC grew its stake in shares of Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after buying an additional 100 shares during the last quarter. Sterling Capital Management LLC grew its stake in Cboe Global Markets by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 6,252 shares of the company's stock worth $1,222,000 after purchasing an additional 2,229 shares in the last quarter. Sagespring Wealth Partners LLC bought a new position in Cboe Global Markets in the fourth quarter worth approximately $204,000. CreativeOne Wealth LLC grew its stake in Cboe Global Markets by 9.1% in the fourth quarter. CreativeOne Wealth LLC now owns 5,084 shares of the company's stock worth $994,000 after purchasing an additional 426 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan bought a new position in Cboe Global Markets in the fourth quarter worth approximately $344,000. Institutional investors own 82.67% of the company's stock.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.22% of the company's stock.

Cboe Global Markets Stock Up 1.6%

Shares of CBOE traded up $3.92 during midday trading on Friday, hitting $247.63. 740,424 shares of the company's stock traded hands, compared to its average volume of 874,303. Cboe Global Markets, Inc. has a 1 year low of $187.30 and a 1 year high of $255.27. The firm's fifty day moving average is $236.28 and its 200-day moving average is $223.57. 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 stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its 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 revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the business posted $2.15 earnings per share. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Loop Capital set a $227.00 price objective on Cboe Global Markets in a research note on Monday, May 5th. Keefe, Bruyette & Woods increased 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. Barclays increased 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. Finally, Piper Sandler increased their target price on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price 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.