Signaturefd LLC Reduces Stake in Cboe Global Markets, Inc. $CBOE

Signaturefd LLC lowered its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 25.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,026 shares of the company’s stock after selling 358 shares during the period. Signaturefd LLC’s holdings in Cboe Global Markets were worth $239,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ritholtz Wealth Management grew its position in Cboe Global Markets by 0.9% in the first quarter. Ritholtz Wealth Management now owns 5,592 shares of the company’s stock worth $1,265,000 after acquiring an additional 48 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its position in Cboe Global Markets by 1.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company’s stock worth $874,000 after acquiring an additional 48 shares in the last quarter. Pekin Hardy Strauss Inc. grew its position in Cboe Global Markets by 0.5% in the first quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company’s stock worth $2,436,000 after acquiring an additional 49 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Cboe Global Markets by 9.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company’s stock worth $129,000 after acquiring an additional 49 shares in the last quarter. Finally, Burney Co. grew its position in Cboe Global Markets by 0.7% in the first quarter. Burney Co. now owns 6,942 shares of the company’s stock worth $1,571,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $241.49 on Friday. The company has a 50 day moving average price of $241.68 and a 200-day moving average price of $230.38. 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 company has a market capitalization of $25.26 billion, a PE ratio of 33.45, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the prior year, the firm earned $2.15 earnings per share. The firm’s revenue was up 14.3% on a year-over-year basis. As a group, equities analysts forecast 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 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. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. Cboe Global Markets’s payout ratio is presently 33.76%.

Analyst Upgrades and Downgrades

CBOE has been the subject of several recent research reports. Piper Sandler lifted their price target on Cboe Global Markets from $250.00 to $265.00 and gave the stock an “overweight” rating in a research report on Monday, August 4th. Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the company an “outperform” rating in a research report on Monday, August 4th. Barclays boosted their target price on Cboe Global Markets from $243.00 to $256.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Loop Capital set a $261.00 target price on Cboe Global Markets in a research report on Thursday. Finally, Morgan Stanley restated an “underweight” rating and set a $221.00 target price on shares of Cboe Global Markets in a research report on Wednesday. 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 MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $234.23.

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.