Assenagon Asset Management S.A. Sells 160 Shares of Cboe Global Markets, Inc. $CBOE

Assenagon Asset Management S.A. lowered its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,558 shares of the company’s stock after selling 160 shares during the period. Assenagon Asset Management S.A.’s holdings in Cboe Global Markets were worth $1,063,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CBOE. Brighton Jones LLC boosted its stake in 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 purchasing an additional 100 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Cboe Global Markets by 13.2% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 1,346 shares of the company’s stock worth $263,000 after purchasing an additional 157 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Cboe Global Markets by 221.2% in the first quarter. Versant Capital Management Inc now owns 212 shares of the company’s stock worth $48,000 after purchasing an additional 146 shares during the last quarter. GAMMA Investing LLC increased its stake in Cboe Global Markets by 29,094.5% during the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company’s stock worth $275,290,000 after acquiring an additional 1,212,368 shares during the last quarter. Finally, Somerset Trust Co increased its stake in Cboe Global Markets by 14.4% during the first quarter. Somerset Trust Co now owns 2,166 shares of the company’s stock worth $490,000 after acquiring an additional 273 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CBOE. Barclays boosted their target price on Cboe Global Markets from $243.00 to $256.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods upped their target price on Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a report on Monday, August 4th. UBS Group reaffirmed a “neutral” rating and set a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the stock an “underweight” rating in a research report on Tuesday, July 15th. Finally, Piper Sandler upped their target price on Cboe Global Markets from $250.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus price target of $231.38.

Cboe Global Markets Trading Down 0.2%

CBOE stock opened at $243.52 on Friday. The company’s 50-day simple moving average is $241.45 and its 200-day simple moving average is $229.69. 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 52-week low of $187.30 and a 52-week high of $255.27. The firm has a market cap of $25.47 billion, a P/E ratio of 33.73, a PEG ratio of 1.75 and a beta of 0.46.

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

Cboe Global Markets Increases Dividend

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