Shell Asset Management Co. Acquires 5,157 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Shell Asset Management Co. increased its stake in Cboe Global Markets by 17.0%, acquiring an additional 5,157 shares during Q2, bringing their total holdings to 35,577 shares valued at approximately $8.3 million.
• A number of analysts have raised their price targets on Cboe Global Markets, with Citigroup increasing their target from $230 to $245, indicating a generally optimistic outlook despite two analysts rating the stock as a Sell.
• Cboe Global Markets announced an increase in its quarterly dividend from $0.63 to $0.72 per share, which reflects a 1.2% yield based on a $2.88 annualized dividend.

Shell Asset Management Co. boosted its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 17.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 35,577 shares of the company's stock after acquiring an additional 5,157 shares during the quarter. Shell Asset Management Co.'s holdings in Cboe Global Markets were worth $8,297,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CBOE shares. Citigroup increased their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. UBS Group reissued a "neutral" rating and issued a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Keefe, Bruyette & Woods lifted their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research report on Monday, August 4th. Finally, Barclays increased 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 research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $234.23.

Cboe Global Markets Stock Down 1.1%

Cboe Global Markets stock opened at $236.84 on Tuesday. The stock's fifty day moving average is $241.44 and its two-hundred day moving average is $230.84. The stock has a market cap of $24.77 billion, a PE ratio of 32.80, a P/E/G ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year 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.

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, 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 period last year, the company earned $2.15 EPS. Cboe Global Markets's revenue was up 14.3% on a year-over-year basis. On average, sell-side analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.2%. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets's dividend payout ratio is presently 33.76%.

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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