Cboe Global Markets, Inc. $CBOE Holdings Raised by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 67.5% in the second quarter, Holdings Channel reports. The institutional investor owned 6,514 shares of the company’s stock after acquiring an additional 2,624 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Cboe Global Markets were worth $1,519,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CBOE. Alliancebernstein L.P. grew its position in Cboe Global Markets by 23.1% in the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock worth $2,141,730,000 after acquiring an additional 1,779,048 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cboe Global Markets by 400.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock worth $241,580,000 after acquiring an additional 854,325 shares in the last quarter. Nuveen LLC bought a new stake in Cboe Global Markets in the first quarter worth approximately $74,789,000. Perpetual Ltd bought a new stake in Cboe Global Markets in the first quarter worth approximately $66,981,000. Finally, Citigroup Inc. grew its position in Cboe Global Markets by 510.8% in the first quarter. Citigroup Inc. now owns 340,185 shares of the company’s stock worth $76,980,000 after acquiring an additional 284,489 shares in the last quarter. 82.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup boosted their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods boosted their price objective on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a research note on Monday, August 4th. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research note on Monday, August 4th. Barclays boosted their price objective on shares of Cboe Global Markets from $256.00 to $264.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, UBS Group restated a “neutral” rating and issued a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. According to 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 $239.62 on Friday. The stock has a market cap of $25.06 billion, a P/E ratio of 33.19, a PEG ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The company has a fifty day moving average price of $240.37 and a 200 day moving average price of $231.98. 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 released its earnings results on Friday, August 1st. The company reported $2.46 EPS 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 company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.15 earnings per share. Analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current 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 paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 29th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s dividend payout ratio is currently 33.76%.

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.