Uhlmann Price Securities LLC Cuts Stake in Cboe Global Markets, Inc. $CBOE

Key Points

• Uhlmann Price Securities LLC reduced its stake in Cboe Global Markets by 64.1%, holding 1,400 shares after selling 2,500 shares in the second quarter.
• Cboe Global Markets reported a quarterly earnings per share of $2.46, beating analysts' estimates, with a 14.3% increase in quarterly revenue compared to the previous year.
• The company recently raised its quarterly dividend to $0.72, up from $0.63, representing an annualized yield of 1.2%.

Uhlmann Price Securities LLC reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 64.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,400 shares of the company's stock after selling 2,500 shares during the period. Uhlmann Price Securities LLC's holdings in Cboe Global Markets were worth $326,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Brighton Jones LLC boosted its position in shares of Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after buying an additional 100 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Cboe Global Markets by 29.0% during the first quarter. GAMMA Investing LLC now owns 5,376 shares of the company's stock valued at $1,217,000 after buying an additional 1,209 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Cboe Global Markets by 2.8% during the first quarter. State of Alaska Department of Revenue now owns 12,268 shares of the company's stock valued at $2,776,000 after buying an additional 330 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Cboe Global Markets by 20.2% during the first quarter. Blue Trust Inc. now owns 1,154 shares of the company's stock valued at $261,000 after buying an additional 194 shares during the last quarter. Finally, GAM Holding AG purchased a new stake in shares of Cboe Global Markets during the first quarter valued at $1,541,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Up 1.5%

CBOE stock opened at $239.62 on Monday. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. The business's 50-day moving average is $240.37 and its two-hundred day moving average is $232.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a market cap of $25.06 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its 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%.During the same period in the prior year, the business earned $2.15 EPS. The business's quarterly revenue was up 14.3% compared to the same quarter last year. As a group, analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets's dividend payout ratio is 33.76%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Citigroup increased their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. UBS Group reaffirmed a "neutral" rating and set a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Morgan Stanley reaffirmed an "underweight" rating and set a $221.00 price objective on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Loop Capital set a $264.00 price objective on Cboe Global Markets in a research report on Wednesday, October 8th. Finally, Piper Sandler set a $270.00 price objective on Cboe Global Markets and gave the company an "overweight" rating in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, Cboe Global Markets has a consensus rating of "Reduce" and an average target price of $235.46.

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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