Wealthfront Advisers LLC Grows Position in Cboe Global Markets, Inc. $CBOE

Wealthfront Advisers LLC boosted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 16.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 33,527 shares of the company’s stock after purchasing an additional 4,687 shares during the period. Wealthfront Advisers LLC’s holdings in Cboe Global Markets were worth $7,819,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in shares of Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock worth $213,000 after acquiring an additional 100 shares during the period. GAMMA Investing LLC boosted its holdings in Cboe Global Markets by 29.0% in the 1st quarter. GAMMA Investing LLC now owns 5,376 shares of the company’s stock worth $1,217,000 after acquiring an additional 1,209 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Cboe Global Markets by 15.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,826 shares of the company’s stock valued at $6,196,000 after purchasing an additional 3,646 shares in the last quarter. Amalgamated Bank increased its position in shares of Cboe Global Markets by 0.4% during the first quarter. Amalgamated Bank now owns 21,542 shares of the company’s stock worth $4,875,000 after acquiring an additional 79 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in Cboe Global Markets by 34.2% during the 1st quarter. Mather Group LLC. now owns 734 shares of the company’s stock worth $166,000 after purchasing an additional 187 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CBOE shares. Piper Sandler set a $270.00 target price on shares of Cboe Global Markets and gave the company an “overweight” rating in a research note on Tuesday, October 14th. Morgan Stanley restated an “underweight” rating and set a $221.00 price target on shares of Cboe Global Markets in a research report on Wednesday, October 1st. UBS Group restated a “neutral” rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Royal Bank Of Canada restated a “sector perform” rating and set a $254.00 price target on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Citigroup upped their price objective on 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Reduce” and an average target price of $235.46.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $238.27 on Tuesday. The company has a 50 day simple moving average of $239.12 and a 200-day simple moving average of $233.28. The firm has a market capitalization of $24.92 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. 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 current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results 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%. During the same period in the prior year, the firm earned $2.15 EPS. Cboe Global Markets’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

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

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.