Cboe Global Markets, Inc. $CBOE Shares Bought by Shell Asset Management Co.

Shell Asset Management Co. grew its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 17.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 35,577 shares of the company’s stock after buying an additional 5,157 shares during the quarter. Shell Asset Management Co.’s holdings in Cboe Global Markets were worth $8,297,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS raised its position in Cboe Global Markets by 1.8% in the second quarter. KLP Kapitalforvaltning AS now owns 38,600 shares of the company’s stock worth $9,002,000 after acquiring an additional 700 shares in the last quarter. Meitav Investment House Ltd. acquired a new position in shares of Cboe Global Markets in the second quarter worth $3,667,000. Belpointe Asset Management LLC boosted its stake in shares of Cboe Global Markets by 35.0% during the 2nd quarter. Belpointe Asset Management LLC now owns 2,017 shares of the company’s stock worth $471,000 after purchasing an additional 523 shares during the last quarter. Marietta Wealth Management LLC increased its stake in Cboe Global Markets by 5.8% in the second quarter. Marietta Wealth Management LLC now owns 15,034 shares of the company’s stock valued at $3,506,000 after purchasing an additional 826 shares during the last quarter. Finally, Clarius Group LLC purchased a new position in shares of Cboe Global Markets during the 2nd quarter worth about $381,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Barclays boosted their price target 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. Royal Bank Of Canada reissued a “sector perform” rating and issued a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Loop Capital set a $261.00 target price on shares of Cboe Global Markets in a research report on Thursday. Morgan Stanley reissued an “underweight” rating and set a $221.00 price target on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Finally, 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 note on Monday, August 4th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $234.23.

Cboe Global Markets Trading Down 1.1%

Shares of Cboe Global Markets stock opened at $236.84 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. The business has a fifty day simple moving average of $241.44 and a 200-day simple moving average of $230.84. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. The firm has a market cap of $24.77 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share 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%. The business’s revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business posted $2.15 earnings per share. On average, 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 announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.72 dividend. This is an increase 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 yield of 1.2%. Cboe Global Markets’s dividend payout ratio is presently 33.76%.

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.