Laurel Wealth Advisors LLC Purchases New Shares in Cboe Global Markets, Inc. $CBOE

Laurel Wealth Advisors LLC acquired a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,167 shares of the company’s stock, valued at approximately $272,000.

Several other hedge funds have also modified their holdings of CBOE. Edmond DE Rothschild Holding S.A. boosted its position in Cboe Global Markets by 2.0% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 36,882 shares of the company’s stock worth $8,601,000 after purchasing an additional 739 shares in the last quarter. Quadcap Wealth Management LLC acquired a new stake in Cboe Global Markets in the 2nd quarter valued at $642,000. Summit Global Investments purchased a new stake in Cboe Global Markets in the 2nd quarter worth $990,000. Global Retirement Partners LLC acquired a new position in Cboe Global Markets during the second quarter worth $552,000. Finally, Jefferies Financial Group Inc. lifted its holdings in Cboe Global Markets by 42.0% during the second quarter. Jefferies Financial Group Inc. now owns 28,840 shares of the company’s stock valued at $6,726,000 after purchasing an additional 8,527 shares in the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CBOE shares. Piper Sandler reissued an “overweight” rating and set a $290.00 target price on shares of Cboe Global Markets in a research note on Monday, November 3rd. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Citigroup increased their target price on Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Barclays lifted their target price on shares of Cboe Global Markets from $264.00 to $273.00 and gave the stock an “equal weight” rating in a research note on Monday, November 3rd. Finally, UBS Group increased their target price on shares of Cboe Global Markets from $255.00 to $265.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $243.38.

Cboe Global Markets Stock Up 0.0%

Shares of NASDAQ:CBOE opened at $258.17 on Friday. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $262.98. The stock has a market cap of $27.02 billion, a P/E ratio of 35.76, a PEG ratio of 1.75 and a beta of 0.42. The business has a fifty day moving average of $246.44 and a two-hundred day moving average of $238.85. 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 announced its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the business posted $2.22 EPS. The business’s quarterly revenue was up 13.8% on a year-over-year basis. On average, research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

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