J2 Capital Management Inc Grows Stake in Cboe Global Markets, Inc. $CBOE

J2 Capital Management Inc boosted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 39.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,400 shares of the company’s stock after purchasing an additional 397 shares during the quarter. J2 Capital Management Inc’s holdings in Cboe Global Markets were worth $326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in Cboe Global Markets by 23.1% during the 1st quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock worth $2,141,730,000 after purchasing an additional 1,779,048 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Cboe Global Markets by 1.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company’s stock valued at $920,827,000 after acquiring an additional 54,054 shares during the period. Invesco Ltd. increased its holdings in shares of Cboe Global Markets by 15.6% in the 1st quarter. Invesco Ltd. now owns 1,357,792 shares of the company’s stock valued at $307,255,000 after acquiring an additional 182,725 shares during the period. Northern Trust Corp increased its holdings in shares of Cboe Global Markets by 6.1% in the 1st quarter. Northern Trust Corp now owns 1,319,236 shares of the company’s stock valued at $298,530,000 after acquiring an additional 76,346 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of 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 acquiring an additional 854,325 shares during the period. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $241.77 on Thursday. The stock has a market cap of $25.29 billion, a PE ratio of 33.49, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The business has a 50-day simple moving average of $241.76 and a 200-day simple moving average of $230.20. 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 52-week low of $187.30 and a 52-week high of $255.27.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data 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%.The company’s revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.15 earnings per share. On average, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm 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 was Friday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s dividend payout ratio (DPR) is presently 33.76%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CBOE shares. Citigroup lifted their price target on Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. UBS Group restated a “neutral” rating and set a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the stock an “outperform” rating in a research note on Monday, August 4th. Piper Sandler boosted their target price on Cboe Global Markets from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Finally, Barclays boosted their target price on Cboe Global Markets from $243.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Reduce” and a consensus price target of $231.62.

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.