Voya Investment Management LLC Reduces Stock Holdings in Cboe Global Markets, Inc. $CBOE

Key Points

• Voya Investment Management LLC has reduced its stake in Cboe Global Markets, Inc. by 19.3%, now holding approximately 81,201 shares worth about $18.4 million as of the latest filing.
• Cboe Global Markets reported a 14.3% increase in quarterly revenue year-over-year and earnings per share of $2.46, surpassing analysts' expectations.
• The company recently announced an increase in its quarterly dividend to $0.72 per share, representing a 1.2% dividend yield.

Voya Investment Management LLC lowered its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 19.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 81,201 shares of the company's stock after selling 19,384 shares during the quarter. Voya Investment Management LLC owned about 0.08% of Cboe Global Markets worth $18,375,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CBOE. Clearstead Trust LLC purchased a new stake in shares of Cboe Global Markets in the first quarter valued at about $26,000. NBC Securities Inc. purchased a new stake in shares of Cboe Global Markets in the first quarter valued at about $27,000. Hughes Financial Services LLC purchased a new position in Cboe Global Markets during the first quarter worth about $29,000. Cornerstone Planning Group LLC boosted its stake in Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after buying an additional 139 shares during the period. Finally, Pandora Wealth Inc. purchased a new position in Cboe Global Markets during the first quarter worth about $45,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CBOE. UBS Group reaffirmed a "neutral" rating and set a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods increased their target price on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. Citigroup increased their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Finally, Piper Sandler raised their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and a consensus target price of $231.38.

Cboe Global Markets Trading Down 0.8%

NASDAQ CBOE opened at $234.53 on Monday. The firm has a 50 day simple moving average of $240.92 and a 200-day simple moving average of $228.04. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The firm has a market cap of $24.53 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.15 EPS. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

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

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.

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