RBA Wealth Management LLC Raises Position in Cboe Global Markets, Inc. $CBOE

Key Points

• RBA Wealth Management LLC increased its stake in Cboe Global Markets by 4.5% in Q2, holding 25,148 shares valued at approximately $5.87 million.
• Cboe Global Markets declared a quarterly dividend increase to $0.72 per share, up from $0.63, with a dividend yield of 1.2%.
• The company's latest earnings report showed a 14.3% increase in revenue year-over-year, with earnings per share of $2.46, slightly beating estimates.

RBA Wealth Management LLC grew its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 4.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,148 shares of the company's stock after acquiring an additional 1,094 shares during the period. Cboe Global Markets comprises approximately 2.2% of RBA Wealth Management LLC's holdings, making the stock its 15th largest position. RBA Wealth Management LLC's holdings in Cboe Global Markets were worth $5,865,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. OneDigital Investment Advisors LLC acquired a new position in shares of Cboe Global Markets during the 1st quarter worth $265,000. Capital Investment Advisory Services LLC bought a new position in Cboe Global Markets in the first quarter valued at about $277,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Cboe Global Markets by 31.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock worth $6,689,000 after buying an additional 7,146 shares in the last quarter. GAM Holding AG bought a new position in shares of Cboe Global Markets during the 1st quarter worth approximately $1,541,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of Cboe Global Markets during the 1st quarter worth $3,463,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Trading Down 0.2%

Shares of CBOE stock opened at $243.52 on Friday. The stock has a 50-day moving average of $241.45 and a 200-day moving average of $229.69. The stock has a market cap of $25.47 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 1.75 and a beta of 0.46. 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 $187.30 and a 1-year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.15 earnings per share. On average, equities research analysts forecast 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. Investors of record on Friday, August 29th were given a dividend of $0.72 per share. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date was Friday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets's payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CBOE. Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Barclays raised their target price on shares of Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Citigroup upped their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada restated a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, UBS Group restated a "neutral" rating and issued a $255.00 price target (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Two equities research 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. According to MarketBeat, Cboe Global Markets has a consensus rating of "Reduce" and a consensus price target of $231.38.

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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