Allspring Global Investments Holdings LLC Sells 166,797 Shares of Cboe Global Markets, Inc. $CBOE

Allspring Global Investments Holdings LLC lowered its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 78.1% during the second quarter, Holdings Channel reports. The firm owned 46,819 shares of the company’s stock after selling 166,797 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Cboe Global Markets were worth $10,862,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Apollon Wealth Management LLC raised its holdings in shares of Cboe Global Markets by 3.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock valued at $294,000 after purchasing an additional 45 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Cboe Global Markets by 1.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company’s stock valued at $874,000 after purchasing an additional 48 shares in the last quarter. Pekin Hardy Strauss Inc. raised its holdings in shares of Cboe Global Markets by 0.5% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company’s stock valued at $2,436,000 after purchasing an additional 49 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Cboe Global Markets by 9.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company’s stock valued at $129,000 after purchasing an additional 49 shares in the last quarter. Finally, Burney Co. raised its holdings in Cboe Global Markets by 0.7% in the 1st quarter. Burney Co. now owns 6,942 shares of the company’s stock worth $1,571,000 after acquiring an additional 51 shares during the period. Institutional investors own 82.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CBOE. Citigroup boosted their target price on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Keefe, Bruyette & Woods boosted their target price on shares of 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. Piper Sandler set a $270.00 target price on shares of Cboe Global Markets and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank Of Canada reissued a “sector perform” rating and set a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, 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 report on Monday, August 4th. Two 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. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $235.46.

Cboe Global Markets Stock Up 1.5%

Shares of CBOE opened at $239.62 on Friday. The company has a 50-day simple moving average of $240.37 and a 200-day simple moving average of $232.04. The firm has a market capitalization of $25.06 billion, a P/E ratio of 33.19, a P/E/G ratio of 1.75 and a beta of 0.44. 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, Inc. has a 52 week low of $187.30 and a 52 week high of $255.27.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, beating 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 revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 earnings per share. On average, equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given 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 of this dividend was Friday, August 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 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.