Charles Schwab Investment Management Inc. Increases Position in Cboe Global Markets, Inc. $CBOE

Charles Schwab Investment Management Inc. grew its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 590,047 shares of the company’s stock after purchasing an additional 10,713 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cboe Global Markets were worth $137,605,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CBOE. Missouri Trust & Investment Co acquired a new stake in Cboe Global Markets in the second quarter valued at $26,000. Clearstead Trust LLC purchased a new position in shares of Cboe Global Markets in the 1st quarter valued at about $26,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $46,000. Pandora Wealth Inc. purchased a new stake in Cboe Global Markets during the first quarter worth approximately $45,000. Finally, Spire Wealth Management lifted its stake in Cboe Global Markets by 61.5% during the second quarter. Spire Wealth Management now owns 239 shares of the company’s stock worth $56,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CBOE. Citigroup increased their price target on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Loop Capital set a $287.00 target price on shares of Cboe Global Markets in a research report on Monday, November 3rd. Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. UBS Group upped their price objective on shares of Cboe Global Markets from $255.00 to $265.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $243.38.

Cboe Global Markets Stock Up 0.3%

Shares of NASDAQ:CBOE opened at $258.12 on Thursday. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $262.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The stock has a market cap of $27.01 billion, a P/E ratio of 35.75, a P/E/G ratio of 1.75 and a beta of 0.42. The firm has a fifty day moving average price of $245.46 and a 200 day moving average price of $238.33.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the previous year, the business earned $2.22 earnings per share. The firm’s quarterly revenue was up 13.8% compared to the same quarter last year. Sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.72 per share. This represents a dividend yield of 112.0%. The ex-dividend date is Friday, November 28th. Cboe Global Markets’s payout ratio is currently 30.93%.

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.