Vestmark Advisory Solutions Inc. Raises Position in Cboe Global Markets, Inc. $CBOE

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Cboe Global Markets by 94.6%, now owning 2,290 shares worth $518,000, reflecting strong institutional investor interest in the stock.
• Cboe Global Markets plans to pay a quarterly dividend of $0.72 on September 15th, up from the previous $0.63 dividend, demonstrating a commitment to returning value to shareholders.
• Analyst ratings for Cboe Global Markets are mixed, with two analysts recommending a Buy, while others have a consensus rating of "Reduce" and an average price target of $231.38.

Vestmark Advisory Solutions Inc. boosted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 94.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,290 shares of the company's stock after buying an additional 1,113 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Cboe Global Markets were worth $518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. T. Rowe Price Investment Management Inc. lifted its holdings in Cboe Global Markets by 3.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock valued at $784,566,000 after buying an additional 126,721 shares during the period. Invesco Ltd. raised its holdings in shares of Cboe Global Markets by 15.6% during the first quarter. Invesco Ltd. now owns 1,357,792 shares of the company's stock valued at $307,255,000 after purchasing an additional 182,725 shares during the period. Northern Trust Corp raised its holdings in shares of Cboe Global Markets by 9.2% during the fourth quarter. Northern Trust Corp now owns 1,242,890 shares of the company's stock valued at $242,861,000 after purchasing an additional 104,257 shares during the period. GAMMA Investing LLC raised its holdings in shares of Cboe Global Markets by 29,094.5% during the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock valued at $275,290,000 after purchasing an additional 1,212,368 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in shares of Cboe Global Markets by 11.3% during the fourth quarter. Two Sigma Advisers LP now owns 709,600 shares of the company's stock valued at $138,656,000 after purchasing an additional 72,200 shares during the period. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Stock Down 1.1%

CBOE stock traded down $2.82 during trading on Friday, reaching $246.43. The stock had a trading volume of 706,157 shares, compared to its average volume of 874,743. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year 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 company's 50 day moving average is $238.77 and its two-hundred day moving average is $224.86. The company has a market capitalization of $25.77 billion, a price-to-earnings ratio of 34.13, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (EPS) 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 period in the prior year, the business posted $2.15 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. Equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's payout ratio is currently 33.76%.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several research reports. Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a report on Monday, May 5th. Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the company an "underweight" rating in a report on Tuesday, July 15th. Piper Sandler upped their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, August 4th. UBS Group reiterated a "neutral" rating and set a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, Citigroup upped their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $231.38.

Cboe Global Markets Company 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.