Ritholtz Wealth Management Buys 275 Shares of Cboe Global Markets, Inc. $CBOE

Ritholtz Wealth Management raised its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 4.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,867 shares of the company’s stock after purchasing an additional 275 shares during the period. Ritholtz Wealth Management’s holdings in Cboe Global Markets were worth $1,368,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Alliancebernstein L.P. increased its stake in shares of Cboe Global Markets by 23.1% during the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock valued at $2,141,730,000 after purchasing an additional 1,779,048 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Cboe Global Markets by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company’s stock valued at $920,827,000 after purchasing an additional 54,054 shares in the last quarter. Invesco Ltd. increased its stake in shares of Cboe Global Markets by 15.6% during the first quarter. Invesco Ltd. now owns 1,357,792 shares of the company’s stock valued at $307,255,000 after purchasing an additional 182,725 shares in the last quarter. Northern Trust Corp increased its stake in shares of Cboe Global Markets by 6.1% during the first quarter. Northern Trust Corp now owns 1,319,236 shares of the company’s stock valued at $298,530,000 after purchasing an additional 76,346 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Cboe Global Markets by 400.6% during 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 valued at $241,580,000 after purchasing an additional 854,325 shares in the last quarter. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE opened at $239.62 on Friday. The company has a market capitalization of $25.06 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. 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 firm has a 50 day moving average of $240.37 and a 200 day moving average of $231.98. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results 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 firm’s revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.15 earnings per share. As a group, equities research 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 business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.72 dividend. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. 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%. Cboe Global Markets’s payout ratio is presently 33.76%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays raised their target price on shares of Cboe Global Markets from $256.00 to $264.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Loop Capital set a $264.00 target price on shares of Cboe Global Markets in a research note on Wednesday, October 8th. Piper Sandler set a $270.00 target price on shares of Cboe Global Markets and gave the company an “overweight” rating in a research note on Tuesday. Oppenheimer set a $265.00 price target on shares of Cboe Global Markets and gave the company an “outperform” rating in a research report on Monday, August 4th. Finally, Citigroup raised their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Two investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Cboe Global Markets presently has an average rating of “Reduce” and an average price target of $235.46.

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.