Cboe Global Markets, Inc. $CBOE is Sandler Capital Management's 9th Largest Position

Key Points

• Sandler Capital Management reduced its holdings in Cboe Global Markets by 37.0%, now owning 29,319 shares valued at approximately $6.6 million.
• Cboe Global Markets announced an increase in its quarterly dividend from $0.63 to $0.72, with an annualized yield of 1.2%.
• Analysts have issued various price targets for Cboe Global Markets, with Oppenheimer setting a target at $265.00 and UBS adjusting theirs to $255.00.

Sandler Capital Management trimmed its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 37.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,319 shares of the company's stock after selling 17,228 shares during the quarter. Cboe Global Markets accounts for 1.7% of Sandler Capital Management's holdings, making the stock its 9th largest holding. Sandler Capital Management's holdings in Cboe Global Markets were worth $6,635,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new stake in shares of Cboe Global Markets in the 1st quarter valued at $26,000. NBC Securities Inc. acquired a new position in shares of Cboe Global Markets during the 1st quarter worth $27,000. Hughes Financial Services LLC bought a new stake in shares of Cboe Global Markets during the 1st quarter worth $29,000. Cornerstone Planning Group LLC lifted its position in shares of Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after buying an additional 139 shares during the last quarter. Finally, Greenline Partners LLC acquired a new stake in Cboe Global Markets in the fourth quarter valued at about $29,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Trading Down 0.8%

Shares of Cboe Global Markets stock traded down $1.94 on Tuesday, reaching $232.43. 640,907 shares of the company's stock were exchanged, compared to its average volume of 879,186. The company has a market capitalization of $24.31 billion, a P/E ratio of 32.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week high of $255.27. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm's 50-day moving average is $240.68 and its two-hundred day moving average is $227.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.15 EPS. Sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.72 dividend. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's payout ratio is 33.76%.

Analyst Ratings Changes

A number of research analysts recently issued reports on CBOE shares. UBS Group reiterated a "neutral" rating and issued a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Oppenheimer set a $265.00 price target on shares of Cboe Global Markets and gave the company an "outperform" rating in a research note on Monday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Citigroup increased their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Finally, Piper Sandler raised their target price 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. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $231.38.

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.