Cboe Global Markets, Inc. $CBOE Shares Sold by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. sold 34,532 shares of Cboe Global Markets, decreasing its holdings by 5.2%, and now owns approximately 624,279 shares valued at $141.27 million.
• Cboe Global Markets recently announced a quarterly dividend of $0.72, a 14.3% increase from the previous quarterly dividend, with a dividend yield of 1.2%.
• Analysts have varied ratings on Cboe Global Markets, with the stock receiving two Buy ratings, nine Hold ratings, and three Sell ratings, reflecting mixed sentiments in the market.

Price T Rowe Associates Inc. MD decreased its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 5.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 624,279 shares of the company's stock after selling 34,532 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.60% of Cboe Global Markets worth $141,269,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Clearstead Trust LLC purchased a new position in shares of Cboe Global Markets in the first quarter valued at approximately $26,000. NBC Securities Inc. purchased a new position in shares of Cboe Global Markets in the first quarter valued at approximately $27,000. Greenline Partners LLC purchased a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $29,000. Hughes Financial Services LLC purchased a new position in shares of Cboe Global Markets in the first quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC lifted its stake in Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Down 1.1%

NASDAQ:CBOE traded down $2.69 during midday trading on Thursday, hitting $235.26. 1,165,870 shares of the company were exchanged, compared to its average volume of 881,691. The company has a fifty day simple moving average of $239.81 and a 200 day simple moving average of $225.58. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. 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 company has a market capitalization of $24.61 billion, a PE ratio of 32.58, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced 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 quarter last year, the company posted $2.15 EPS. Cboe Global Markets's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.72 per share. The ex-dividend date 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 dividend payout ratio (DPR) is 33.76%.

Analyst Ratings Changes

A number of brokerages have commented on CBOE. Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada restated a "sector perform" rating and issued a $254.00 price objective on shares of Cboe Global Markets in a report on Monday, August 4th. Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a report on Monday, August 4th. Citigroup raised their price objective 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. Finally, Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a report on Monday, May 5th. 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, the stock currently has a consensus rating of "Reduce" and an average 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.