WBI Investments LLC Invests $2.21 Million in Cboe Global Markets, Inc. $CBOE

WBI Investments LLC acquired a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,780 shares of the company’s stock, valued at approximately $2,213,000.

Several other institutional investors have also recently made changes to their positions in CBOE. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets in the first quarter worth about $26,000. NBC Securities Inc. bought a new position in shares of Cboe Global Markets in the first quarter worth about $27,000. Hughes Financial Services LLC bought a new position in shares of Cboe Global Markets in the first quarter worth about $29,000. Cornerstone Planning Group LLC raised its stake in shares of Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $30,000 after buying an additional 139 shares during the period. Finally, Pandora Wealth Inc. bought a new position in shares of Cboe Global Markets in the first quarter worth about $45,000. Institutional investors own 82.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on CBOE shares. Keefe, Bruyette & Woods increased their target price on Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a research report on Monday, August 4th. Piper Sandler increased their target price on Cboe Global Markets from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the company an “underweight” rating in a research report on Tuesday, July 15th. UBS Group reiterated a “neutral” rating and set a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Barclays lifted their price objective on shares of 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 assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $231.38.

Cboe Global Markets Stock Performance

NASDAQ CBOE opened at $234.75 on Thursday. The stock has a market capitalization of $24.55 billion, a PE ratio of 32.51, a P/E/G ratio of 1.75 and a beta of 0.46. The business has a 50 day simple moving average of $240.75 and a two-hundred day simple moving average of $227.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. 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) last released its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share 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%.Cboe Global Markets’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.15 earnings per share. On average, research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.72 per share. The ex-dividend date is Friday, August 29th. This represents a $2.88 annualized dividend and a 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 33.76%.

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.