Bay Colony Advisory Group Inc d b a Bay Colony Advisors Raises Position in Cboe Global Markets, Inc. $CBOE

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 29.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,261 shares of the company’s stock after acquiring an additional 285 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Cboe Global Markets were worth $294,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Missouri Trust & Investment Co purchased a new position in Cboe Global Markets in the 2nd quarter valued at approximately $26,000. Clearstead Trust LLC purchased a new position in Cboe Global Markets in the 1st quarter valued at approximately $26,000. Hughes Financial Services LLC purchased a new position in Cboe Global Markets in the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC boosted its position in Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $30,000 after buying an additional 139 shares during the period. Finally, Ameritas Advisory Services LLC purchased a new position in Cboe Global Markets in the 2nd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

Shares of NASDAQ:CBOE opened at $246.10 on Friday. The company’s fifty day moving average price is $238.33 and its 200 day moving average price is $233.94. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month 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 firm has a market capitalization of $25.74 billion, a P/E ratio of 34.09, a P/E/G ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the company posted $2.22 EPS. Cboe Global Markets’s revenue for the quarter was up 13.8% compared to the same quarter last year. As a group, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.72 per share. The ex-dividend date was Friday, August 29th. This represents a $2.88 annualized dividend 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 (DPR) is 33.76%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CBOE shares. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the company an “outperform” rating in a report on Monday, August 4th. UBS Group restated a “neutral” rating and issued a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Piper Sandler set a $270.00 price objective on shares of Cboe Global Markets and gave the company an “overweight” rating in a report on Tuesday, October 14th. Royal Bank Of Canada restated a “sector perform” rating and issued a $254.00 price objective on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, Loop Capital set a $264.00 price objective on shares of Cboe Global Markets in a report on Wednesday, October 8th. 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’s stock. Based on data from MarketBeat, Cboe Global Markets presently has an average rating of “Reduce” and a consensus price target of $235.46.

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.