Northwestern Mutual Wealth Management Co. Acquires 19,271 Shares of Cboe Global Markets, Inc. $CBOE

Northwestern Mutual Wealth Management Co. boosted its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 404.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,039 shares of the company’s stock after acquiring an additional 19,271 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cboe Global Markets were worth $5,440,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CBOE. Clearstead Trust LLC bought a new position in Cboe Global Markets in the 1st quarter worth about $26,000. NBC Securities Inc. bought a new position in shares of Cboe Global Markets during the 1st quarter valued at about $27,000. Greenline Partners LLC purchased a new position in shares of Cboe Global Markets during the 4th quarter valued at about $29,000. Hughes Financial Services LLC bought a new stake in Cboe Global Markets in the 1st quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC lifted its position in Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $30,000 after buying an additional 139 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on CBOE shares. Barclays upped their target price on Cboe Global Markets from $243.00 to $256.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $254.00 target price on shares of Cboe Global Markets in a research note on Monday, August 4th. Loop Capital set a $227.00 target price on Cboe Global Markets in a research note on Monday, May 5th. Finally, Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the stock an “outperform” rating in a research note on Monday, August 4th. Two equities research 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 data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $231.38.

Cboe Global Markets Stock Down 2.0%

Shares of NASDAQ:CBOE opened at $237.95 on Thursday. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $255.27. The firm has a market capitalization of $24.89 billion, a P/E ratio of 32.96, a P/E/G ratio of 1.75 and a beta of 0.46. The stock has a 50 day moving average price of $239.81 and a 200-day moving average price of $225.58. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period last year, the company posted $2.15 earnings per share. Cboe Global Markets’s quarterly revenue was up 14.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.72 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 annualized dividend 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 dividend payout ratio is currently 33.76%.

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.