Voya Investment Management LLC Has $18.38 Million 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 cut its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 19.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,201 shares of the company's stock after selling 19,384 shares during the quarter. Voya Investment Management LLC owned 0.08% of Cboe Global Markets worth $18,375,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Ritholtz Wealth Management boosted its position in Cboe Global Markets by 0.9% during the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock worth $1,265,000 after acquiring an additional 48 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in Cboe Global Markets by 1.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company's stock valued at $874,000 after acquiring an additional 48 shares during the period. Pekin Hardy Strauss Inc. raised its stake in Cboe Global Markets by 0.5% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock valued at $2,436,000 after acquiring an additional 49 shares during the period. Burney Co. raised its stake in Cboe Global Markets by 0.7% in the 1st quarter. Burney Co. now owns 6,942 shares of the company's stock valued at $1,571,000 after acquiring an additional 51 shares during the period. Finally, Argent Trust Co raised its stake in Cboe Global Markets by 1.3% in the 1st quarter. Argent Trust Co now owns 4,927 shares of the company's stock valued at $1,115,000 after acquiring an additional 61 shares during the period. 82.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Citigroup increased their price target on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Piper Sandler lifted their target price on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Barclays lifted their target price on Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Morgan Stanley set a $218.00 target price on Cboe Global Markets and gave the stock an "underweight" rating in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating 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 issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $231.38.

Cboe Global Markets Price Performance

Cboe Global Markets stock traded down $1.56 during midday trading on Friday, reaching $232.87. The company's stock had a trading volume of 982,858 shares, compared to its average volume of 875,105. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week high of $255.27. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $240.96 and a 200-day moving average price of $228.59. The stock has a market cap of $24.36 billion, a PE ratio of 32.25, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating 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 firm earned $2.15 EPS. The business's revenue for the quarter was up 14.3% on a year-over-year basis. On average, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.72 dividend. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 29th. Cboe Global Markets's dividend payout ratio (DPR) is presently 33.76%.

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.