Cboe Global Markets, Inc. $CBOE Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lessened its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 78.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,819 shares of the company’s stock after selling 166,797 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Cboe Global Markets were worth $10,862,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Clearstead Trust LLC acquired a new position in shares of Cboe Global Markets during the first quarter valued at approximately $26,000. Missouri Trust & Investment Co bought a new stake in Cboe Global Markets during the second quarter worth approximately $26,000. Hughes Financial Services LLC bought a new stake in Cboe Global Markets during the first quarter worth approximately $29,000. Cornerstone Planning Group LLC boosted its holdings in Cboe Global Markets by 4,633.3% during 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 in the last quarter. Finally, Pandora Wealth Inc. bought a new stake in Cboe Global Markets during the first quarter worth approximately $45,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CBOE. UBS Group restated a “neutral” rating and set a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Barclays raised their target price 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. Morgan Stanley restated an “underweight” rating and set a $221.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 1st. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research note on Monday, August 4th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $235.46.

Cboe Global Markets Trading Up 1.5%

Cboe Global Markets stock opened at $239.62 on Friday. The company has a 50 day moving average price of $240.37 and a 200 day moving average price of $232.04. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week high of $255.27. 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 firm has a market capitalization of $25.06 billion, a price-to-earnings ratio of 33.19, a P/E/G ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS 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%. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period last year, the business posted $2.15 earnings per share. Research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

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