Huntington National Bank Buys 612 Shares of Cboe Global Markets, Inc. $CBOE

Huntington National Bank grew its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 8.8% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 7,552 shares of the company’s stock after acquiring an additional 612 shares during the quarter. Huntington National Bank’s holdings in Cboe Global Markets were worth $1,761,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CBOE. Brighton Jones LLC lifted its position 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 valued at $213,000 after acquiring an additional 100 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Cboe Global Markets during the 1st quarter valued at $3,463,000. D.A. Davidson & CO. lifted its position in shares of Cboe Global Markets by 62.5% during the 1st quarter. D.A. Davidson & CO. now owns 3,433 shares of the company’s stock valued at $777,000 after acquiring an additional 1,320 shares during the period. OneDigital Investment Advisors LLC bought a new stake in shares of Cboe Global Markets during the 1st quarter valued at $265,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Cboe Global Markets by 3.3% during the 1st quarter. Bank of New York Mellon Corp now owns 584,286 shares of the company’s stock valued at $132,218,000 after acquiring an additional 18,619 shares during the period. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

Shares of CBOE opened at $251.40 on Thursday. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27. The business has a 50-day simple moving average of $238.71 and a two-hundred day simple moving average of $234.61. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a market cap of $26.29 billion, a PE ratio of 34.82, a PEG ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period in the previous year, the firm posted $2.22 earnings per share. The company’s revenue was up 13.8% compared to the same quarter last year. Analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.1%. 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 payout ratio is currently 30.93%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CBOE shares. Citigroup upped their target price on Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday. UBS Group boosted their price target on Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday. Morgan Stanley reissued an “underweight” rating and set a $221.00 price target on shares of Cboe Global Markets in a report on Wednesday, October 1st. Piper Sandler reissued an “overweight” rating and set a $290.00 price target on shares of Cboe Global Markets in a report on Monday. Finally, Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an “outperform” rating in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $243.38.

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.