Robeco Institutional Asset Management B.V. Sells 9,267 Shares of Cboe Global Markets, Inc. $CBOE

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 619,030 shares of the company’s stock after selling 9,267 shares during the period. Robeco Institutional Asset Management B.V. owned 0.59% of Cboe Global Markets worth $144,364,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. OneDigital Investment Advisors LLC bought a new position in Cboe Global Markets in the first quarter valued at about $265,000. Capital Investment Advisory Services LLC bought a new position in Cboe Global Markets during the first quarter worth about $277,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in 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 buying an additional 7,146 shares during the last quarter. GAM Holding AG bought a new position in Cboe Global Markets during the first quarter worth about $1,541,000. Finally, Teacher Retirement System of Texas bought a new position in Cboe Global Markets during the first quarter worth about $3,463,000. Institutional investors own 82.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CBOE. Morgan Stanley reaffirmed an “underweight” rating and set a $221.00 price target on shares of Cboe Global Markets in a research report on Wednesday. Piper Sandler raised their price target on Cboe Global Markets from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a research report on Monday, August 4th. Citigroup raised their price target on Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Finally, Barclays raised their price target on Cboe Global Markets from $243.00 to $256.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $231.62.

Cboe Global Markets Stock Down 1.4%

Shares of Cboe Global Markets stock opened at $241.77 on Thursday. The business’s 50 day simple moving average is $241.76 and its 200 day simple moving average is $230.20. 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 cap of $25.29 billion, a PE ratio of 33.49, a P/E/G ratio of 1.75 and a beta of 0.46. 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, beating analysts’ consensus estimates 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 firm posted $2.15 EPS. The business’s revenue was up 14.3% compared to the same quarter last year. On average, analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

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