Teewinot Capital Advisers L.L.C. Makes New Investment in Cboe Global Markets, Inc. $CBOE

Key Points

• Teewinot Capital Advisers L.L.C. acquired a new position in Cboe Global Markets, purchasing 12,725 shares valued at approximately $2.88 million, making it their 21st largest holding.
• Several institutional investors, including Balyasny Asset Management and Brighton Jones, increased their stakes in Cboe, reflecting a growing interest in the company.
• Cboe Global Markets recently announced an increase in its quarterly dividend from $0.63 to $0.72 per share, which will be paid on September 15th.

Teewinot Capital Advisers L.L.C. bought a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 12,725 shares of the company's stock, valued at approximately $2,880,000. Cboe Global Markets makes up approximately 0.3% of Teewinot Capital Advisers L.L.C.'s portfolio, making the stock its 21st largest holding.

Several other institutional investors have also recently made changes to their positions in the company. Clearstead Trust LLC purchased a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $26,000. NBC Securities Inc. purchased a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $27,000. Greenline Partners LLC purchased a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $29,000. Hughes Financial Services LLC purchased a new stake in Cboe Global Markets during the 1st quarter valued at $29,000. Finally, Cornerstone Planning Group LLC boosted its stake in Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

Cboe Global Markets stock traded down $0.52 during trading on Friday, reaching $235.85. The company had a trading volume of 202,951 shares, compared to its average volume of 871,811. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week high of $255.27. The firm's 50-day simple moving average is $240.85 and its 200 day simple moving average is $227.57. The firm has a market capitalization of $24.67 billion, a price-to-earnings ratio of 32.67, a price-to-earnings-growth 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 (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating 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 in the previous year, the firm earned $2.15 EPS. The company's revenue was up 14.3% compared to the same quarter last year. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date is Friday, August 29th. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.76%.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent analyst reports. UBS Group reiterated a "neutral" rating and set a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. Keefe, Bruyette & Woods increased their target price on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Finally, Piper Sandler increased their target price on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Cboe Global Markets currently has an average 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.