Cboe Global Markets, Inc. $CBOE Shares Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC significantly increased its stake in Cboe Global Markets by 261% during the first quarter, accumulating 20,295 shares valued at approximately $4.6 million.
• Cboe Global Markets recently announced a quarterly dividend of $0.72 per share, increasing from the previous dividend of $0.63, indicating positive growth.
• The company's stock shows a 1-year high of $255.27 and has strong fundamentals, including a return on equity of 22.02% and a net margin of 18.64%.

Vident Advisory LLC lifted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 261.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,295 shares of the company's stock after buying an additional 14,673 shares during the period. Vident Advisory LLC's holdings in Cboe Global Markets were worth $4,593,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC grew its position in Cboe Global Markets by 10.1% in the 4th 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. Susquehanna Fundamental Investments LLC acquired a new position in shares of Cboe Global Markets during the fourth quarter worth about $723,000. Rehmann Capital Advisory Group raised its holdings in Cboe Global Markets by 40.9% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,765 shares of the company's stock worth $345,000 after purchasing an additional 512 shares in the last quarter. AXA S.A. lifted its position in Cboe Global Markets by 38.8% in the fourth quarter. AXA S.A. now owns 78,778 shares of the company's stock valued at $15,393,000 after purchasing an additional 22,031 shares during the period. Finally, Benjamin Edwards Inc. boosted its holdings in Cboe Global Markets by 14.6% in the 4th quarter. Benjamin Edwards Inc. now owns 34,703 shares of the company's stock valued at $6,782,000 after purchasing an additional 4,426 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

NASDAQ:CBOE traded down $1.67 during trading hours on Thursday, reaching $233.74. 263,941 shares of the company traded hands, compared to its average volume of 879,717. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm's 50-day moving average is $240.43 and its 200-day moving average is $226.50. The stock has a market cap of $24.45 billion, a P/E ratio of 32.37, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27.

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, beating 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%.Cboe Global Markets'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 earned $2.15 EPS. Equities research analysts expect 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 will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date is Friday, August 29th. Cboe Global Markets's payout ratio is presently 33.76%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CBOE shares. Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the company an "underweight" rating in a report on Tuesday, July 15th. Royal Bank Of Canada restated a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. Barclays increased their price target on shares of Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Citigroup boosted their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Finally, UBS Group reaffirmed a "neutral" rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus target price of $231.38.

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.