Yousif Capital Management LLC Buys 3,225 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Yousif Capital Management LLC increased its stake in Cboe Global Markets by 24.2%, acquiring an additional 3,225 shares, bringing its total to 16,540 shares valued at approximately $3.86 million.
• Cboe Global Markets recently declared a quarterly dividend of $0.72 per share, reflecting a 1.2% yield and an increase from the previous dividend of $0.63.
• The company's latest earnings report showed an EPS of $2.46, surpassing analysts' estimates by $0.03, with a revenue increase of 14.3% year-over-year.

Yousif Capital Management LLC lifted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 24.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,540 shares of the company's stock after acquiring an additional 3,225 shares during the period. Yousif Capital Management LLC's holdings in Cboe Global Markets were worth $3,857,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CBOE. Alliancebernstein L.P. grew its holdings in Cboe Global Markets by 23.1% in the 1st quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company's stock valued at $2,141,730,000 after buying an additional 1,779,048 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cboe Global Markets by 400.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company's stock valued at $241,580,000 after buying an additional 854,325 shares during the last quarter. Nuveen LLC acquired a new stake in Cboe Global Markets in the 1st quarter valued at approximately $74,789,000. Perpetual Ltd acquired a new stake in Cboe Global Markets in the 1st quarter valued at approximately $66,981,000. Finally, Citigroup Inc. grew its holdings in Cboe Global Markets by 510.8% in the 1st quarter. Citigroup Inc. now owns 340,185 shares of the company's stock valued at $76,980,000 after buying an additional 284,489 shares during the last quarter. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Price Performance

Shares of NASDAQ:CBOE opened at $241.74 on Thursday. The business's 50 day moving average is $240.90 and its 200-day moving average is $231.81. 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 firm has a market capitalization of $25.28 billion, a PE ratio of 33.48, a PEG ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.46 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%.The company's revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business posted $2.15 EPS. Sell-side 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 declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.72 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.88 annualized dividend and a yield of 1.2%. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's payout ratio is presently 33.76%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. Piper Sandler set a $270.00 target price on Cboe Global Markets and gave the company an "overweight" rating in a report on Tuesday. Loop Capital set a $264.00 price objective on Cboe Global Markets in a report on Wednesday, October 8th. Morgan Stanley reissued an "underweight" rating and set a $221.00 price objective on shares of Cboe Global Markets in a report on Wednesday, October 1st. Finally, Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the stock an "outperform" rating in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of "Reduce" and an average target price of $235.46.

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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