Townsquare Capital LLC Makes New $258,000 Investment in Cboe Global Markets, Inc. $CBOE

Key Points

• Townsquare Capital LLC acquired a new stake in Cboe Global Markets, purchasing 1,141 shares valued at approximately $258,000.
• Cboe Global Markets recently increased its quarterly dividend to $0.72, a positive change from the previous $0.63, reflecting an annualized yield of 1.2%.
• The company's recent earnings report showed EPS of $2.46, exceeding expectations and representing a 14.3% year-over-year revenue growth.

Townsquare Capital LLC bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,141 shares of the company's stock, valued at approximately $258,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new stake in Cboe Global Markets in the first quarter valued at approximately $26,000. NBC Securities Inc. bought a new position in shares of Cboe Global Markets in the first quarter valued at approximately $27,000. Greenline Partners LLC bought a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $29,000. Hughes Financial Services LLC bought a new position in shares of Cboe Global Markets in the first quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC raised its position in shares of Cboe Global Markets by 4,633.3% in the first 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 period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

CBOE stock traded down $2.82 on Friday, reaching $246.43. 706,157 shares of the company were exchanged, compared to its average volume of 874,743. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month 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. The stock's fifty day moving average price is $238.77 and its 200 day moving average price is $224.86. The firm has a market capitalization of $25.77 billion, a PE ratio of 34.13, a PEG 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, 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 quarter in the prior year, the company earned $2.15 EPS. Cboe Global Markets's quarterly revenue was up 14.3% compared to the same quarter last year. On average, research analysts anticipate 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. Shareholders of record on Friday, August 29th will be paid a dividend of $0.72 per share. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, August 29th. Cboe Global Markets's dividend payout ratio is presently 33.76%.

Wall Street Analyst Weigh In

CBOE has been the topic of a number of recent analyst reports. Loop Capital set a $227.00 price target on shares of Cboe Global Markets in a research report on Monday, May 5th. Citigroup lifted their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Piper Sandler boosted their target price on shares of 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 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. According to data from MarketBeat.com, Cboe Global Markets 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.