Stack Financial Management Inc Sells 1,687 Shares of Cboe Global Markets, Inc. $CBOE

Stack Financial Management Inc cut its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.6% in the second quarter, HoldingsChannel reports. The firm owned 106,576 shares of the company’s stock after selling 1,687 shares during the period. Cboe Global Markets accounts for approximately 2.2% of Stack Financial Management Inc’s portfolio, making the stock its 15th biggest holding. Stack Financial Management Inc’s holdings in Cboe Global Markets were worth $24,855,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CBOE. Clearstead Trust LLC bought a new stake in Cboe Global Markets in the first quarter worth $26,000. Missouri Trust & Investment Co bought a new stake in Cboe Global Markets in the second quarter worth $26,000. Hughes Financial Services LLC bought a new stake in Cboe Global Markets in the first quarter worth $29,000. Cornerstone Planning Group LLC boosted its holdings in 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 purchasing an additional 139 shares in the last quarter. Finally, Pandora Wealth Inc. bought a new stake in Cboe Global Markets in the first quarter worth $45,000. 82.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a “market perform” rating in a report on Monday, August 4th. UBS Group restated a “neutral” rating and set a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Barclays upped their price target on shares of Cboe Global Markets from $256.00 to $264.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Finally, Piper Sandler upped their price target on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Reduce” and an average target price of $235.08.

Cboe Global Markets Stock Up 1.6%

CBOE stock opened at $244.71 on Monday. The company has a 50-day moving average of $241.40 and a two-hundred day moving average of $231.55. The stock has a market capitalization of $25.59 billion, a price-to-earnings ratio of 33.89, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. 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 52-week low of $187.30 and a 52-week high of $255.27.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 earnings per share. As a group, equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.72 per share. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 33.76%.

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.