T. Rowe Price Investment Management Inc. Increases Stock Position in Cboe Global Markets, Inc. $CBOE

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Cboe Global Markets, Inc. by 1.3%, now owning approximately 4.07 million shares valued at $920.8 million.
• In the 1st quarter, several hedge funds, including GAMMA Investing LLC and Citigroup Inc., also significantly increased their holdings in Cboe Global Markets.
• Cboe Global Markets announced a dividend increase to $0.72 per share, payable on September 15th, up from the previous $0.63, indicating a strong financial position.

T. Rowe Price Investment Management Inc. grew its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,069,233 shares of the company's stock after acquiring an additional 54,054 shares during the period. T. Rowe Price Investment Management Inc. owned 3.89% of Cboe Global Markets worth $920,827,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. OneDigital Investment Advisors LLC acquired a new stake in shares of Cboe Global Markets in the first quarter valued at approximately $265,000. Capital Investment Advisory Services LLC bought a new stake in shares of Cboe Global Markets during the first quarter worth $277,000. Harel Insurance Investments & Financial Services Ltd. grew its stake 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 during the last quarter. GAM Holding AG bought a new stake in shares of Cboe Global Markets during the first quarter worth $1,541,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Cboe Global Markets during the first quarter worth $3,463,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CBOE shares. Royal Bank Of Canada reissued a "sector perform" rating and issued a $254.00 price objective on shares of Cboe Global Markets in a research note on Monday, August 4th. Keefe, Bruyette & Woods upped 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 upped 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. Barclays upped 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. Finally, Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an "outperform" rating in a report on Monday, August 4th. Two investment 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. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $231.38.

Cboe Global Markets Stock Down 1.1%

CBOE stock traded down $2.82 during trading on Friday, reaching $246.43. The stock had a trading volume of 706,157 shares, compared to its average volume of 874,743. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The company's 50 day moving average is $238.77 and its two-hundred day moving average is $224.86. The company has a market capitalization of $25.77 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data 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 net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the business posted $2.15 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. Equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

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

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.