UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $241.58 Million Stock Holdings in 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 boosted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 400.6% in the 1st 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 approximately 1.02% of Cboe Global Markets worth $241,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBOE. Alliancebernstein L.P. increased its holdings in Cboe Global Markets by 23.1% in the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company's stock valued at $2,141,730,000 after buying an additional 1,779,048 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Cboe Global Markets by 29,094.5% during the 1st quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after purchasing an additional 1,212,368 shares during the period. Nuveen LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $74,789,000. Perpetual Ltd bought a new position in Cboe Global Markets in the 1st quarter worth approximately $66,981,000. Finally, Citigroup Inc. grew its holdings in Cboe Global Markets by 510.8% in the 1st quarter. Citigroup Inc. now owns 340,185 shares of the company's stock worth $76,980,000 after buying an additional 284,489 shares in the last quarter. 82.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Keefe, Bruyette & Woods increased their price target 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. Citigroup increased their target price on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a report on Monday, August 4th. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the stock an "underweight" rating in a report on Tuesday, July 15th. Finally, UBS Group restated a "neutral" rating and set a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average target price of $231.38.

Cboe Global Markets Price Performance

Shares of CBOE traded up $1.20 on Wednesday, hitting $234.94. The company's stock had a trading volume of 71,223 shares, compared to its average volume of 871,067. The company has a market capitalization of $24.57 billion, a PE ratio of 32.54, a PEG ratio of 1.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. The company has a 50 day moving average price of $240.92 and a 200 day moving average price of $228.25.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping 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 firm's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.15 EPS. On average, research 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 company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.72 dividend. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets's dividend payout ratio (DPR) is presently 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.