Private Advisory Group LLC Increases Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

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Private Advisory Group LLC lifted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 290.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,683 shares of the company's stock after purchasing an additional 18,362 shares during the quarter. Private Advisory Group LLC's holdings in Cboe Global Markets were worth $5,586,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Cboe Global Markets by 3.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock worth $784,566,000 after purchasing an additional 126,721 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cboe Global Markets by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock worth $535,994,000 after purchasing an additional 44,291 shares during the last quarter. FMR LLC boosted its holdings in shares of Cboe Global Markets by 2.5% during the fourth quarter. FMR LLC now owns 1,571,980 shares of the company's stock worth $307,165,000 after purchasing an additional 38,587 shares during the last quarter. Northern Trust Corp boosted its holdings in Cboe Global Markets by 9.2% in the fourth quarter. Northern Trust Corp now owns 1,242,890 shares of the company's stock valued at $242,861,000 after acquiring an additional 104,257 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Cboe Global Markets by 29,094.5% in the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after acquiring an additional 1,212,368 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company's stock.

Insider Activity

In other news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets 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. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CBOE. Oppenheimer lifted their target price on Cboe Global Markets from $249.00 to $253.00 and gave the company an "outperform" rating in a report on Tuesday, July 15th. Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Bank of America reiterated a "neutral" rating and issued a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Piper Sandler lifted their target price on Cboe Global Markets from $245.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Finally, Barclays reduced their target price on Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating on the stock in a report on Thursday, July 10th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $222.58.

Cboe Global Markets Stock Up 2.8%

NASDAQ:CBOE traded up $6.75 during mid-day trading on Friday, hitting $247.79. The company had a trading volume of 1,327,699 shares, compared to its average volume of 877,771. The business has a fifty day simple moving average of $231.96 and a 200-day simple moving average of $219.93. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 1 year low of $186.10 and a 1 year high of $249.63. The firm has a market capitalization of $25.95 billion, a price-to-earnings ratio of 34.32, a PEG ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced 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%. During the same quarter last year, the business earned $2.15 EPS. The business's quarterly revenue was up 14.3% compared to the same quarter last year. Equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 30th. Cboe Global Markets's payout ratio is presently 33.03%.

Cboe Global Markets 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.