Blue Trust Inc. Sells 64 Shares of Cboe Global Markets, Inc. $CBOE

Blue Trust Inc. trimmed its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 5.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,090 shares of the company’s stock after selling 64 shares during the period. Blue Trust Inc.’s holdings in Cboe Global Markets were worth $254,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets in the 1st quarter valued at approximately $26,000. Missouri Trust & Investment Co bought a new position in shares of Cboe Global Markets in the 2nd quarter valued at approximately $26,000. Hughes Financial Services LLC bought a new position in shares of Cboe Global Markets in the 1st quarter valued at approximately $29,000. Cornerstone Planning Group LLC raised its stake in shares of Cboe Global Markets by 4,633.3% in 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 in the last quarter. Finally, Pandora Wealth Inc. bought a new position in shares of Cboe Global Markets in the 1st quarter valued at approximately $45,000. 82.67% of the stock is owned by institutional investors.

Cboe Global Markets Price Performance

Shares of NASDAQ:CBOE opened at $238.21 on Wednesday. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27. The firm has a market capitalization of $24.91 billion, a PE ratio of 32.99, a PEG ratio of 1.75 and a beta of 0.44. The business’s 50 day moving average is $241.03 and its 200-day moving average is $231.75. 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 (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping 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%.During the same quarter last year, the firm posted $2.15 EPS. Cboe Global Markets’s revenue was up 14.3% compared to the same quarter last year. Sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business 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 of this dividend was Friday, August 29th. This represents a $2.88 annualized dividend and a yield of 1.2%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s payout ratio is presently 33.76%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Loop Capital set a $264.00 price objective on Cboe Global Markets in a research note on Wednesday, October 8th. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an “outperform” rating in a research report on Monday, August 4th. Citigroup lifted their price target on Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. UBS Group reaffirmed a “neutral” rating and issued a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Keefe, Bruyette & Woods lifted their price target 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. Two investment 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. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price 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.