Patton Fund Management Inc. Decreases Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• Patton Fund Management Inc. reduced its holdings in Cboe Global Markets by 42.1%, selling 8,559 shares and lowering its position to 11,765 shares with a total value of $2,744,000.
• The company declared a quarterly dividend of $0.72, an increase from the previous dividend of $0.63, resulting in an annualized dividend of $2.88 with a yield of 1.2%.
• Analysts have raised price targets for Cboe Global Markets, with Citigroup setting a new target of $245.00 and Piper Sandler increasing their target to $265.00, signaling a generally positive outlook for the stock.

Patton Fund Management Inc. cut its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 42.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,765 shares of the company's stock after selling 8,559 shares during the quarter. Patton Fund Management Inc.'s holdings in Cboe Global Markets were worth $2,744,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ritholtz Wealth Management increased its position in shares of Cboe Global Markets by 0.9% in the first quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock valued at $1,265,000 after buying an additional 48 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Cboe Global Markets by 1.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company's stock valued at $874,000 after acquiring an additional 48 shares during the last quarter. Pekin Hardy Strauss Inc. grew its stake in Cboe Global Markets by 0.5% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock valued at $2,436,000 after acquiring an additional 49 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its stake in Cboe Global Markets by 9.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company's stock valued at $129,000 after acquiring an additional 49 shares during the last quarter. Finally, Burney Co. grew its stake in Cboe Global Markets by 0.7% in the 1st quarter. Burney Co. now owns 6,942 shares of the company's stock valued at $1,571,000 after acquiring an additional 51 shares during the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on CBOE shares. Citigroup upped their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Piper Sandler lifted their price objective on 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 lifted their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. UBS Group reissued a "neutral" rating and set a $255.00 price target (up previously from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, 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 report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of "Reduce" and an average price target of $231.38.

Cboe Global Markets Trading Down 0.2%

NASDAQ CBOE opened at $243.52 on Friday. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month 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 company has a 50-day moving average of $241.45 and a 200-day moving average of $229.54. The company has a market cap of $25.47 billion, a P/E ratio of 33.73, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (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%. During the same quarter in the previous year, the firm posted $2.15 earnings per share. Cboe Global Markets's quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities analysts predict 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 announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.72 dividend. 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. The ex-dividend date was Friday, August 29th. Cboe Global Markets's payout ratio is 33.76%.

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.

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