Securian Asset Management Inc. Reduces Holdings in Cboe Global Markets, Inc. $CBOE

Securian Asset Management Inc. cut its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,374 shares of the company’s stock after selling 100 shares during the quarter. Securian Asset Management Inc.’s holdings in Cboe Global Markets were worth $1,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CBOE. Alliancebernstein L.P. lifted its holdings in Cboe Global Markets by 23.1% in the 1st quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock worth $2,141,730,000 after buying an additional 1,779,048 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Cboe Global Markets by 400.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock worth $241,580,000 after buying an additional 854,325 shares during the period. Nuveen LLC purchased a new stake in Cboe Global Markets in the 1st quarter worth approximately $74,789,000. Perpetual Ltd purchased a new stake in Cboe Global Markets in the 1st quarter worth approximately $66,981,000. Finally, Citigroup Inc. lifted its holdings in Cboe Global Markets by 510.8% in the 1st quarter. Citigroup Inc. now owns 340,185 shares of the company’s stock worth $76,980,000 after buying an additional 284,489 shares during the period. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Trading Down 0.0%

CBOE opened at $237.25 on Friday. The stock has a market cap of $24.81 billion, a PE ratio of 32.86, a PEG ratio of 1.75 and a beta of 0.44. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The business has a 50 day moving average of $239.45 and a 200-day moving average of $232.48. 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 released 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 company’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.15 earnings per share. Equities research 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 business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given 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 yield of 1.2%. Cboe Global Markets’s dividend payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CBOE shares. Citigroup increased their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a report on Tuesday, July 8th. UBS Group reiterated a “neutral” rating and issued a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $254.00 price objective on shares of Cboe Global Markets in a report on Monday, August 4th. Oppenheimer set a $265.00 price objective on Cboe Global Markets and gave the stock an “outperform” rating in a report on Monday, August 4th. Finally, Barclays raised their target price on Cboe Global Markets from $256.00 to $264.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target 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.