9,780 Shares in Cboe Global Markets, Inc. $CBOE Bought by WBI Investments LLC

Key Points

• WBI Investments LLC has invested approximately $2.21 million in Cboe Global Markets by acquiring 9,780 shares during the first quarter.
• Several institutional investors, including Clearstead Trust LLC and NBC Securities Inc., have also made significant purchases in Cboe Global Markets, contributing to 82.67% institutional ownership.
• Cboe Global Markets declared a quarterly dividend of $0.72 per share, which is an increase from the previous dividend, reflecting a yield of 1.2%.

WBI Investments LLC acquired a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,780 shares of the company's stock, valued at approximately $2,213,000.

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

Analyst Ratings Changes

A number of research firms recently commented on CBOE. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an "outperform" rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods increased their price target on Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. Citigroup upped their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a report on Tuesday, July 8th. Piper Sandler upped their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Finally, Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the stock an "underweight" rating in a report on Tuesday, July 15th. 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's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $231.38.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE traded up $1.02 during midday trading on Tuesday, reaching $235.11. 363,143 shares of the company were exchanged, compared to its average volume of 872,791. The stock has a market cap of $24.59 billion, a P/E ratio of 32.56, a PEG ratio of 1.75 and a beta of 0.46. The stock's 50-day moving average price is $240.89 and its 200-day moving average price is $228.21. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.46 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%. The company's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.15 EPS. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were 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 was 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%.

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.