United Services Automobile Association Invests $506,000 in Cboe Global Markets, Inc. $CBOE

Key Points

• United Services Automobile Association has acquired a new stake in Cboe Global Markets, purchasing 2,272 shares valued at approximately $506,000.
• A significant portion of Cboe Global Markets stock, about 82.67%, is owned by institutional investors, reflecting strong institutional interest.
• Cboe Global Markets recently announced an increase in its quarterly dividend to $0.72 per share, representing a 1.2% yield, up from the previous $0.63 dividend.

United Services Automobile Association purchased a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,272 shares of the company's stock, valued at approximately $506,000.

Other large investors have also recently made changes to their positions in the company. Clearstead Trust LLC bought a new stake in Cboe Global Markets during the first quarter valued at about $26,000. NBC Securities Inc. bought a new stake in Cboe Global Markets during the 1st quarter valued at approximately $27,000. Hughes Financial Services LLC purchased a new position in Cboe Global Markets in the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC boosted its stake in Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after purchasing an additional 139 shares during the period. Finally, Pandora Wealth Inc. bought a new position in Cboe Global Markets in the 1st quarter worth approximately $45,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Down 0.8%

NASDAQ CBOE traded down $1.84 during trading hours on Friday, hitting $234.53. 601,359 shares of the company were exchanged, compared to its average volume of 874,287. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week 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 stock has a 50-day moving average price of $240.92 and a 200 day moving average price of $227.91. The stock has a market cap of $24.53 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46.

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 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 previous year, the business posted $2.15 earnings per share. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. Analysts forecast 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 announced 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. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Cboe Global Markets's payout ratio is currently 33.76%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. 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 report on Monday, August 4th. Barclays boosted their price target on shares of 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. Royal Bank Of Canada restated a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. UBS Group reiterated a "neutral" rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, 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. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus 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.