Cavalier Investments LLC Has $2.20 Million Stake in Cboe Global Markets, Inc. $CBOE

Cavalier Investments LLC trimmed its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,452 shares of the company’s stock after selling 184 shares during the period. Cavalier Investments LLC’s holdings in Cboe Global Markets were worth $2,204,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth approximately $265,000. Capital Investment Advisory Services LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth approximately $277,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Cboe Global Markets by 31.9% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company’s stock worth $6,689,000 after purchasing an additional 7,146 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Cboe Global Markets during the first quarter worth approximately $3,463,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Cboe Global Markets by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 584,286 shares of the company’s stock worth $132,218,000 after purchasing an additional 18,619 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $233.29 on Wednesday. The stock has a market cap of $24.40 billion, a P/E ratio of 32.31, a P/E/G ratio of 1.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a fifty day moving average price of $239.75 and a two-hundred day moving average price of $232.24. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis. During the same period in the previous year, the company earned $2.15 earnings per share. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.72 dividend. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 29th. Cboe Global Markets’s dividend payout ratio is 33.76%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. UBS Group reiterated a “neutral” rating and set a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Barclays increased 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 report on Wednesday, October 8th. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research report on Monday, August 4th. Citigroup increased their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $235.46.

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.