OFI Invest Asset Management Sells 4,945 Shares of Cboe Global Markets, Inc. $CBOE

OFI Invest Asset Management lowered its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 91.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 455 shares of the company’s stock after selling 4,945 shares during the period. OFI Invest Asset Management’s holdings in Cboe Global Markets were worth $106,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CBOE. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets during the first quarter valued at $26,000. Missouri Trust & Investment Co bought a new position in Cboe Global Markets during the second quarter worth $26,000. Hughes Financial Services LLC bought a new position in Cboe Global Markets during the first quarter worth $29,000. Cornerstone Planning Group LLC raised its stake in Cboe Global Markets by 4,633.3% during the first 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. Finally, Pandora Wealth Inc. bought a new position in Cboe Global Markets during the first quarter worth $45,000. Institutional investors own 82.67% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of analyst reports. Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research note on Monday, August 4th. UBS Group reissued a “neutral” rating and set a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Piper Sandler lifted their target price on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an “overweight” rating in a research note on Monday, August 4th. Barclays lifted their target price on shares of Cboe Global Markets from $256.00 to $264.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. Finally, Loop Capital set a $264.00 target price on shares of Cboe Global Markets in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $235.08.

Cboe Global Markets Trading Up 1.6%

NASDAQ:CBOE opened at $244.71 on Monday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $25.59 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 1.75 and a beta of 0.44. The firm has a fifty day simple moving average of $241.40 and a two-hundred day simple moving average of $231.55. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping 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%. Cboe Global Markets’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.15 earnings per share. Analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.72 per share. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 29th. Cboe Global Markets’s dividend payout ratio is 33.76%.

Cboe Global Markets Company 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.