Rehmann Capital Advisory Group Raises Stock Holdings in Cboe Global Markets, Inc. $CBOE

Rehmann Capital Advisory Group lifted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 6.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,199 shares of the company’s stock after purchasing an additional 127 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Cboe Global Markets were worth $513,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC purchased a new position in shares of Cboe Global Markets during the first quarter worth about $265,000. Capital Investment Advisory Services LLC purchased a new position in shares of Cboe Global Markets during the first quarter worth about $277,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of 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 purchasing an additional 7,146 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Cboe Global Markets in the 1st quarter worth approximately $3,463,000. Finally, Bank of New York Mellon Corp lifted its position in Cboe Global Markets by 3.3% in the 1st quarter. Bank of New York Mellon Corp now owns 584,286 shares of the company’s stock worth $132,218,000 after buying an additional 18,619 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $237.25 on Friday. 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 fifty-two week low of $187.30 and a fifty-two week high of $255.27. The stock has a 50 day moving average price of $239.45 and a two-hundred day moving average price of $232.48. The company has a market capitalization of $24.81 billion, a P/E ratio of 32.86, a PEG ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results 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 return on equity of 22.02% and a net margin of 18.64%.The business’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.15 earnings per share. Analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.72 per share. This is a boost 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 currently 33.76%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Piper Sandler set a $270.00 target price on Cboe Global Markets and gave the stock an “overweight” rating in a research report on Tuesday, October 14th. Morgan Stanley restated an “underweight” rating and issued a $221.00 target price on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Barclays boosted their target price on Cboe Global Markets from $256.00 to $264.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods boosted their target price 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. Finally, UBS Group restated a “neutral” rating and issued 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 issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $235.46.

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.