Cboe Global Markets, Inc. $CBOE Holdings Trimmed by Inspire Investing LLC

Inspire Investing LLC lowered its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 12.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,227 shares of the company’s stock after selling 171 shares during the quarter. Inspire Investing LLC’s holdings in Cboe Global Markets were worth $286,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Aberdeen Group plc boosted its stake in Cboe Global Markets by 12.9% during the second quarter. Aberdeen Group plc now owns 92,599 shares of the company’s stock valued at $21,595,000 after buying an additional 10,584 shares in the last quarter. Callan Family Office LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter valued at $302,000. US Bancorp DE boosted its position in shares of Cboe Global Markets by 10.6% in the 2nd quarter. US Bancorp DE now owns 6,722 shares of the company’s stock valued at $1,568,000 after purchasing an additional 645 shares during the period. Shell Asset Management Co. boosted its position in shares of Cboe Global Markets by 17.0% in the 2nd quarter. Shell Asset Management Co. now owns 35,577 shares of the company’s stock valued at $8,297,000 after purchasing an additional 5,157 shares during the period. Finally, KLP Kapitalforvaltning AS boosted its position in shares of Cboe Global Markets by 1.8% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 38,600 shares of the company’s stock valued at $9,002,000 after purchasing an additional 700 shares during the period. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Trading Down 2.4%

Shares of NASDAQ CBOE opened at $235.97 on Friday. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The firm has a market capitalization of $24.68 billion, a PE ratio of 32.68, a PEG ratio of 1.75 and a beta of 0.44. 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 business has a 50-day moving average price of $240.63 and a two-hundred day moving average price of $231.88.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data 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 return on equity of 22.02% and a net margin of 18.64%.During the same quarter last year, the firm posted $2.15 earnings per share. Cboe Global Markets’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, 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 declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.72 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. 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%. Cboe Global Markets’s dividend payout ratio (DPR) is 33.76%.

Analysts Set New Price Targets

CBOE has been the subject of a number of recent analyst reports. Citigroup increased their price target on Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a research report on Tuesday, July 8th. Morgan Stanley reiterated an “underweight” rating and issued a $221.00 price target on shares of Cboe Global Markets in a research report on Wednesday, October 1st. UBS Group reiterated a “neutral” rating and issued a $255.00 price target (up previously from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Barclays increased their price target on Cboe Global Markets from $256.00 to $264.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods increased their price target on Cboe Global Markets from $243.00 to $248.00 and gave the company a “market perform” rating in a research report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $235.46.

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.