OFI Invest Asset Management Has $106,000 Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• OFI Invest Asset Management reduced its holdings in Cboe Global Markets, Inc. by 91.6%, now owning only 455 shares valued at $106,000 after selling 4,945 shares in the second quarter.
• Institutional investors and hedge funds collectively own 82.67% of Cboe's stock, with several firms adjusting their positions, including Vanguard and Aberdeen Group, which increased their stakes.
• Cboe Global Markets recently declared a quarterly dividend increase to $0.72 per share, reflecting a commitment to returning value to shareholders while maintaining a payout ratio of 33.76%.

OFI Invest Asset Management lessened its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 91.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 455 shares of the company's stock after selling 4,945 shares during the period. OFI Invest Asset Management's holdings in Cboe Global Markets were worth $106,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC grew its position in shares of Cboe Global Markets by 11.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,427 shares of the company's stock worth $2,436,000 after purchasing an additional 1,092 shares in the last quarter. Apollon Wealth Management LLC boosted its position in shares of Cboe Global Markets by 3.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company's stock worth $294,000 after acquiring an additional 45 shares in the last quarter. Louisbourg Investments Inc. acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $147,000. Aberdeen Group plc boosted its position in shares of Cboe Global Markets by 12.9% during the 2nd quarter. Aberdeen Group plc now owns 92,599 shares of the company's stock worth $21,595,000 after acquiring an additional 10,584 shares in the last quarter. Finally, Callan Family Office LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $302,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on CBOE shares. Piper Sandler increased their price target on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Barclays increased their price target on shares of Cboe Global Markets from $256.00 to $264.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 8th. Citigroup increased their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Loop Capital set a $264.00 price target on shares of Cboe Global Markets in a research report on Wednesday. Finally, Morgan Stanley reiterated an "underweight" rating and set a $221.00 price target on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Two research 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. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $235.08.

Cboe Global Markets Price Performance

Shares of NASDAQ:CBOE opened at $244.71 on Monday. The company has a market cap of $25.59 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 1.75 and a beta of 0.44. 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 has a 50 day simple moving average of $241.40 and a 200 day simple moving average of $231.55. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data 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 net margin of 18.64% and a return on equity of 22.02%. The business's revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.15 earnings per share. 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 declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets's payout ratio is 33.76%.

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.

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