UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 854,325 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• UBS Asset Management increased its stake in Cboe Global Markets by 400.6%, acquiring an additional 854,325 shares in the first quarter, bringing its total ownership to approximately 1.02%.
• Cboe Global Markets declared a quarterly dividend increase from $0.63 to $0.72 per share, with the dividend yield standing at 1.2%.
• The company's recent quarterly earnings report showed an earnings per share (EPS) of $2.46, beating estimates and reflecting a 14.3% year-over-year revenue growth.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 400.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,067,566 shares of the company's stock after buying an additional 854,325 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.02% of Cboe Global Markets worth $241,580,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. OneDigital Investment Advisors LLC bought a new stake in Cboe Global Markets in the first quarter worth $265,000. Capital Investment Advisory Services LLC bought a new stake in Cboe Global Markets in the first quarter worth $277,000. Harel Insurance Investments & Financial Services Ltd. lifted 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 worth $6,689,000 after buying an additional 7,146 shares during the last quarter. GAM Holding AG bought a new stake in Cboe Global Markets in the first quarter worth $1,541,000. Finally, Teacher Retirement System of Texas purchased a new stake in Cboe Global Markets in the first quarter worth $3,463,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $236.37 on Friday. The firm has a market cap of $24.72 billion, a P/E ratio of 32.74, a P/E/G 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, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27. The stock's fifty day moving average price is $240.85 and its 200-day moving average price is $227.57.

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 return on equity of 22.02% and a net margin of 18.64%.The business's revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company earned $2.15 EPS. On average, equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company 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 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. Cboe Global Markets's payout ratio is 33.76%.

Analyst Ratings Changes

A number of analysts have weighed in on CBOE shares. Barclays increased their target price on 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. Keefe, Bruyette & Woods increased their target price on Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. UBS Group reiterated a "neutral" rating and issued a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets 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 stock an "overweight" rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, Cboe Global Markets presently has a consensus 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.

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