Victory Capital Management Inc. Increases Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Victory Capital Management Inc. boosted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 5.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 413,100 shares of the company's stock after purchasing an additional 21,464 shares during the quarter. Victory Capital Management Inc. owned about 0.39% of Cboe Global Markets worth $93,480,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. NBC Securities Inc. acquired a new position in Cboe Global Markets during the first quarter worth approximately $27,000. Hughes Financial Services LLC purchased a new position in shares of Cboe Global Markets during the 1st quarter valued at $29,000. Cornerstone Planning Group LLC increased its position in shares of Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after acquiring an additional 139 shares in the last quarter. Greenline Partners LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter worth about $29,000. Finally, Lee Danner & Bass Inc. acquired a new position in Cboe Global Markets during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the sale, the executive vice president owned 2,183 shares of the company's stock, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of recent research reports. Bank of America reaffirmed a "neutral" rating and issued a $227.00 target price (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Piper Sandler upped their price objective on Cboe Global Markets from $245.00 to $250.00 and gave the stock an "overweight" rating in a research note on Tuesday. Barclays decreased their price objective on shares of Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating for the company in a research note on Thursday, July 10th. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research report on Monday, May 5th. Finally, Oppenheimer increased their target price on shares of Cboe Global Markets from $249.00 to $253.00 and gave the stock an "outperform" rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $222.58.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $237.84 on Friday. 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 firm's 50 day moving average price is $228.07 and its two-hundred day moving average price is $216.27. Cboe Global Markets, Inc. has a twelve month low of $179.80 and a twelve month high of $239.25. The firm has a market cap of $24.90 billion, a P/E ratio of 32.94, a PEG ratio of 1.75 and a beta of 0.43.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period last year, the business earned $2.15 earnings per share. Cboe Global Markets's revenue was up 12.6% on a year-over-year basis. On average, analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend was Friday, May 30th. Cboe Global Markets's payout ratio is presently 33.03%.

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.

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