WBI Investments LLC Acquires Shares of 9,780 Cboe Global Markets, Inc. $CBOE

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 bought a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,780 shares of the company's stock, valued at approximately $2,213,000.

A number of other hedge funds have also modified their holdings of CBOE. OneDigital Investment Advisors LLC purchased a new position in shares of Cboe Global Markets during the first quarter valued at $265,000. Capital Investment Advisory Services LLC purchased a new position in shares of Cboe Global Markets during the first quarter valued at $277,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Cboe Global Markets by 31.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock valued at $6,689,000 after buying an additional 7,146 shares in the last quarter. GAM Holding AG purchased a new position in shares of Cboe Global Markets during the first quarter valued at $1,541,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Cboe Global Markets during the first quarter valued at $3,463,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada reiterated a "sector perform" rating and set a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. 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. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research report on Monday, August 4th. Finally, Barclays lifted their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Two investment 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 MarketBeat, the company currently has an average rating of "Reduce" and a consensus price target of $231.38.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE traded down $1.84 during trading hours on Friday, hitting $234.53. 601,359 shares of the company's stock were exchanged, compared to its average volume of 874,287. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27. 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 stock has a market capitalization of $24.53 billion, a price-to-earnings ratio of 32.48, a PEG ratio of 1.75 and a beta of 0.46. The company's 50-day moving average price is $240.92 and its 200-day moving average price is $227.91.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results 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%.During the same quarter last year, the business earned $2.15 EPS. The firm's quarterly revenue was up 14.3% on a year-over-year basis. On average, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.72 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio is currently 33.76%.

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.