Moran Wealth Management LLC Reduces Position in Cboe Global Markets, Inc. $CBOE

Moran Wealth Management LLC lessened its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 7.0% during the 2nd quarter, Holdings Channel reports. The firm owned 27,183 shares of the company’s stock after selling 2,055 shares during the quarter. Moran Wealth Management LLC’s holdings in Cboe Global Markets were worth $6,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Missouri Trust & Investment Co acquired a new stake in Cboe Global Markets during the 2nd quarter valued at approximately $26,000. Clearstead Trust LLC acquired a new stake in Cboe Global Markets during the 1st quarter valued at approximately $26,000. Hughes Financial Services LLC acquired a new stake in Cboe Global Markets during the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC lifted its stake in Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $30,000 after acquiring an additional 139 shares during the period. Finally, Ameritas Advisory Services LLC acquired a new stake in Cboe Global Markets during the 2nd quarter valued at approximately $46,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

NASDAQ:CBOE opened at $238.21 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a fifty day moving average of $241.03 and a two-hundred day moving average of $231.75. The stock has a market capitalization of $24.91 billion, a PE ratio of 32.99, a P/E/G ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.15 earnings per share. As a group, research analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.72 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 33.76%.

Wall Street Analyst Weigh In

Several brokerages have commented on CBOE. Citigroup lifted their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a research note on Tuesday, July 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $254.00 price objective on shares of Cboe Global Markets in a research note on Monday, August 4th. Barclays increased their price target on shares of Cboe Global Markets from $256.00 to $264.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods increased their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a report on Monday, August 4th. Finally, Morgan Stanley reissued an “underweight” rating and set a $221.00 price target on shares of Cboe Global Markets in a report on Wednesday, October 1st. Two research 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target 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.