Convergence Investment Partners LLC Purchases Shares of 3,418 Cboe Global Markets, Inc. $CBOE

Convergence Investment Partners LLC purchased a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,418 shares of the company’s stock, valued at approximately $797,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in Cboe Global Markets by 23.1% during the 1st quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock worth $2,141,730,000 after purchasing an additional 1,779,048 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in Cboe Global Markets by 1.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company’s stock worth $920,827,000 after purchasing an additional 54,054 shares in the last quarter. Invesco Ltd. grew its position in Cboe Global Markets by 15.6% during the 1st quarter. Invesco Ltd. now owns 1,357,792 shares of the company’s stock worth $307,255,000 after purchasing an additional 182,725 shares in the last quarter. Northern Trust Corp grew its position in Cboe Global Markets by 6.1% during the 1st quarter. Northern Trust Corp now owns 1,319,236 shares of the company’s stock worth $298,530,000 after purchasing an additional 76,346 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cboe Global Markets by 400.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock worth $241,580,000 after purchasing an additional 854,325 shares in the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Down 0.2%

Cboe Global Markets stock opened at $238.27 on Tuesday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27. The company’s fifty day simple moving average is $239.12 and its 200-day simple moving average is $233.28. The stock has a market cap of $24.92 billion, a P/E ratio of 33.00, a P/E/G ratio of 1.75 and a beta of 0.44.

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

Cboe Global Markets Increases Dividend

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

Wall Street Analyst Weigh In

CBOE has been the topic of several research analyst reports. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research report on Monday, August 4th. Piper Sandler set a $270.00 price objective on shares of Cboe Global Markets and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Barclays boosted 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. Keefe, Bruyette & Woods boosted 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. Finally, Citigroup boosted their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $235.46.

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.