Tema Etfs LLC Acquires New Shares in Cboe Global Markets, Inc. $CBOE

Key Points

• Tema Etfs LLC has acquired 2,375 shares of Cboe Global Markets, Inc., valued at approximately $537,000, during the 1st quarter.
• Cboe Global Markets recently announced an increase in its quarterly dividend from $0.63 to $0.72, with an annualized dividend yield of 1.2%.
• Shares of Cboe Global Markets have seen institutional ownership rise to over 82.67%, reflecting strong interest from hedge funds and investors.

Tema Etfs LLC acquired a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,375 shares of the company's stock, valued at approximately $537,000.

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

Cboe Global Markets Trading Up 0.3%

NASDAQ:CBOE traded up $0.69 during trading hours on Friday, hitting $235.95. 819,309 shares of the stock were exchanged, compared to its average volume of 881,313. The company's 50 day moving average is $240.17 and its two-hundred day moving average is $226.17. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month 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 has a market capitalization of $24.68 billion, a P/E ratio of 32.68, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share 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%.The business's revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.15 EPS. On average, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.72 dividend. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. 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%. Cboe Global Markets's dividend payout ratio (DPR) is currently 33.76%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank Of Canada reissued a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. UBS Group reissued a "neutral" rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the stock an "outperform" rating in a report on Monday, August 4th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Finally, Citigroup boosted their target price on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of "Reduce" and an average target price 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.