Victory Capital Management Inc. Increases Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Victory Capital Management Inc. increased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 5.5% in the first quarter, HoldingsChannel reports. The firm owned 413,100 shares of the company’s stock after buying an additional 21,464 shares during the quarter. Victory Capital Management Inc.’s holdings in Cboe Global Markets were worth $93,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Cboe Global Markets by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company’s stock worth $2,467,700,000 after buying an additional 56,233 shares in the last quarter. Alliancebernstein L.P. grew its stake in Cboe Global Markets by 208.4% in the 4th quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company’s stock valued at $1,501,745,000 after buying an additional 5,193,339 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its stake in Cboe Global Markets by 3.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company’s stock worth $784,566,000 after purchasing an additional 126,721 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Cboe Global Markets by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company’s stock valued at $535,994,000 after buying an additional 44,291 shares during the last quarter. Finally, FMR LLC boosted its holdings in Cboe Global Markets by 2.5% in the fourth quarter. FMR LLC now owns 1,571,980 shares of the company’s stock worth $307,165,000 after purchasing an additional 38,587 shares during the last quarter. 82.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of the firm’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the transaction, the executive vice president directly owned 2,183 shares of the company’s stock, valued at $494,624.14. This trade represents a 62.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Price Performance

CBOE opened at $237.84 on Friday. Cboe Global Markets, Inc. has a 12-month low of $179.80 and a 12-month high of $239.25. The stock has a market capitalization of $24.90 billion, a P/E ratio of 32.94, a PEG ratio of 1.75 and a beta of 0.43. The stock has a 50-day moving average price of $228.07 and a 200-day moving average price of $216.27. 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 issued its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.15 EPS. Equities analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 33.03%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 5th. Bank of America reissued a “neutral” rating and set a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. UBS Group boosted their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the stock a “neutral” rating in a research report on Monday, May 5th. Piper Sandler increased their target price on Cboe Global Markets from $245.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Oppenheimer increased their price target on Cboe Global Markets from $249.00 to $253.00 and gave the company an “outperform” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $222.58.

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.