Cwm LLC Has $30.80 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Cwm LLC lowered its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 132,087 shares of the company’s stock after selling 1,822 shares during the period. Cwm LLC’s holdings in Cboe Global Markets were worth $30,804,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Apollon Wealth Management LLC raised its holdings in shares of Cboe Global Markets by 3.7% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock worth $294,000 after acquiring an additional 45 shares during the last quarter. Ritholtz Wealth Management raised its holdings in shares of Cboe Global Markets by 0.9% in the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company’s stock worth $1,265,000 after acquiring an additional 48 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Cboe Global Markets by 1.3% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company’s stock worth $874,000 after acquiring an additional 48 shares during the last quarter. Pekin Hardy Strauss Inc. raised its holdings in shares of Cboe Global Markets by 0.5% in the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company’s stock worth $2,436,000 after acquiring an additional 49 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Cboe Global Markets by 9.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company’s stock worth $129,000 after acquiring an additional 49 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CBOE shares. UBS Group restated a “neutral” rating and issued a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Barclays upped 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. Piper Sandler upped their price objective on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Morgan Stanley reaffirmed an “underweight” rating and issued a $221.00 price objective on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Finally, 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. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $235.08.

Cboe Global Markets Stock Up 1.6%

Cboe Global Markets stock opened at $244.71 on Monday. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27. The firm has a 50 day moving average price of $241.40 and a 200-day moving average price of $231.55. The company has a market capitalization of $25.59 billion, a P/E ratio of 33.89, a P/E/G 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.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, August 1st. The company reported $2.46 earnings per share 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%. During the same quarter in the prior year, the company posted $2.15 earnings per share. The firm’s revenue was up 14.3% compared to the same quarter last year. 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 business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s payout ratio is currently 33.76%.

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.