Paralel Advisors LLC Sells 1,854 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Paralel Advisors LLC sold 1,854 shares of Cboe Global Markets, reducing its holdings by 13.6% to a total of 11,810 shares worth approximately $2.75 million.
• Cboe Global Markets increased its quarterly dividend from $0.63 to $0.72 per share, resulting in a 1.2% dividend yield.
• Analysts have adjusted their price targets for Cboe Global Markets, with UBS Group setting a new target at $255.00, highlighting continued interest from institutional investors.

Paralel Advisors LLC decreased its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 13.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,810 shares of the company's stock after selling 1,854 shares during the period. Paralel Advisors LLC's holdings in Cboe Global Markets were worth $2,754,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CBOE. Ethic Inc. raised its stake in Cboe Global Markets by 1.6% during the 2nd quarter. Ethic Inc. now owns 26,396 shares of the company's stock valued at $6,045,000 after purchasing an additional 423 shares during the period. Rehmann Capital Advisory Group grew its position in Cboe Global Markets by 6.1% in the second quarter. Rehmann Capital Advisory Group now owns 2,199 shares of the company's stock worth $513,000 after acquiring an additional 127 shares in the last quarter. Exencial Wealth Advisors LLC raised its position in Cboe Global Markets by 3.2% during the second quarter. Exencial Wealth Advisors LLC now owns 5,012 shares of the company's stock valued at $1,169,000 after purchasing an additional 155 shares during the period. Cookson Peirce & Co. Inc. lifted its stake in shares of Cboe Global Markets by 5.1% in the 2nd quarter. Cookson Peirce & Co. Inc. now owns 5,360 shares of the company's stock valued at $1,250,000 after purchasing an additional 258 shares during the last quarter. Finally, Brookstone Capital Management lifted its stake in shares of Cboe Global Markets by 4.0% in the 2nd quarter. Brookstone Capital Management now owns 1,516 shares of the company's stock valued at $354,000 after purchasing an additional 59 shares during the last quarter. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Stock Up 1.7%

Shares of CBOE opened at $237.35 on Thursday. The firm has a fifty day moving average price of $239.58 and a 200-day moving average price of $232.28. 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 $24.82 billion, a P/E ratio of 32.87, a P/E/G ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping 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%. During the same period in the prior year, the firm posted $2.15 EPS. The firm's revenue was up 14.3% on a year-over-year basis. Equities research analysts expect 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 was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.72 per share. This is a boost 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%. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets's payout ratio is presently 33.76%.

Analysts Set New Price Targets

CBOE has been the topic of several analyst reports. UBS Group reissued a "neutral" rating and set a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Loop Capital set a $264.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, October 8th. Keefe, Bruyette & Woods increased their target price on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Citigroup raised their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, Piper Sandler set a $270.00 price target on shares of Cboe Global Markets and gave the stock an "overweight" rating in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $235.46.

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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