Wilmington Savings Fund Society FSB Sells 2,412 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Wilmington Savings Fund Society FSB reduced its stake in Cboe Global Markets by 4.7%, selling 2,412 shares, and now holds 48,904 shares valued at approximately $11.4 million.
• Cboe Global Markets recently raised its quarterly dividend to $0.72 per share, representing an increase from the previous $0.63, with an annual yield of 1.2%.
• Analysts have set a new price target range for Cboe Global Markets, with Piper Sandler increasing its target from $250 to $265 reflecting strong market sentiment.

Wilmington Savings Fund Society FSB cut its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 4.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,904 shares of the company's stock after selling 2,412 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Cboe Global Markets were worth $11,405,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new position in Cboe Global Markets during the first quarter valued at approximately $265,000. Capital Investment Advisory Services LLC acquired a new position in Cboe Global Markets during the first quarter valued at approximately $277,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in 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 purchasing an additional 7,146 shares during the last quarter. GAM Holding AG acquired a new position in Cboe Global Markets during the first quarter valued at approximately $1,541,000. Finally, Teacher Retirement System of Texas acquired a new position in Cboe Global Markets during the first quarter valued at approximately $3,463,000. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE opened at $243.49 on Tuesday. The firm has a market cap of $25.47 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27. The business's 50 day moving average is $241.25 and its 200-day moving average is $231.70.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping 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 quarter last year, the company earned $2.15 EPS. The business's quarterly revenue was up 14.3% compared to the same quarter last year. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a 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 presently 33.76%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Piper Sandler increased their price target on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. UBS Group reissued a "neutral" rating and set a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $254.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 4th. Citigroup raised their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Finally, Barclays raised their price objective on Cboe Global Markets from $256.00 to $264.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 8th. 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 stock. Based on data from MarketBeat, the company has an average rating of "Reduce" and an average price target of $235.08.

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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