Kathmere Capital Management LLC Boosts Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Kathmere Capital Management LLC raised its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 29.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,024 shares of the company’s stock after acquiring an additional 456 shares during the quarter. Kathmere Capital Management LLC’s holdings in Cboe Global Markets were worth $458,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Cboe Global Markets by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company’s stock worth $2,467,700,000 after buying an additional 56,233 shares during the period. Alliancebernstein L.P. grew its stake in Cboe Global Markets by 208.4% in the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock worth $1,501,745,000 after acquiring an additional 5,193,339 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Cboe Global Markets by 3.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company’s stock worth $784,566,000 after acquiring an additional 126,721 shares during the period. Geode Capital Management LLC raised its stake in shares of Cboe Global Markets by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company’s stock valued at $535,994,000 after acquiring an additional 44,291 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Cboe Global Markets by 2.5% during the fourth quarter. FMR LLC now owns 1,571,980 shares of the company’s stock valued at $307,165,000 after acquiring an additional 38,587 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the sale, the executive vice president owned 2,183 shares of the company’s stock, valued at approximately $494,624.14. The trade was a 62.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by insiders.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $235.01 on Friday. The firm’s fifty day simple moving average is $227.73 and its two-hundred day simple moving average is $215.30. The firm has a market capitalization of $24.61 billion, a P/E ratio of 32.55, a P/E/G ratio of 1.75 and a beta of 0.43. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 12-month low of $169.09 and a 12-month high of $237.27.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the prior year, the business posted $2.15 EPS. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. Analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.07%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 33.03%.

Analysts Set New Price Targets

Several brokerages have weighed in on CBOE. Bank of America reiterated a “neutral” rating and issued a $227.00 target price (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. UBS Group increased their target price on shares of Cboe Global Markets from $235.00 to $245.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Piper Sandler raised their target price on shares of Cboe Global Markets from $234.00 to $245.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Oppenheimer upped their price target on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an “outperform” rating in a research report on Monday, May 5th. Finally, Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $221.58.

About Cboe Global Markets

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.