Truist Financial Corp Cuts Stock Holdings in Cboe Global Markets, Inc. $CBOE

Truist Financial Corp decreased its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 20,914 shares of the company’s stock after selling 222 shares during the period. Truist Financial Corp’s holdings in Cboe Global Markets were worth $4,877,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Missouri Trust & Investment Co bought a new stake in shares of Cboe Global Markets in the 2nd quarter valued at about $26,000. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at about $26,000. NBC Securities Inc. bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at about $27,000. Hughes Financial Services LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at about $29,000. Finally, Cornerstone Planning Group LLC boosted its holdings in shares of Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $30,000 after buying an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE opened at $240.90 on Wednesday. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27. The company has a 50 day simple moving average of $241.47 and a two-hundred day simple moving average of $230.91. The stock has a market cap of $25.20 billion, a price-to-earnings ratio of 33.37, a PEG ratio of 1.75 and a beta of 0.44.

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 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 previous year, the business posted $2.15 earnings per share. The business’s revenue for the quarter 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 year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 29th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s dividend payout ratio (DPR) is presently 33.76%.

Analyst Ratings Changes

CBOE has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Barclays raised their price target on shares of Cboe Global Markets from $243.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Loop Capital set a $261.00 target price on shares of Cboe Global Markets in a research note on Thursday, October 2nd. UBS Group reiterated a “neutral” rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $221.00 target price on shares of Cboe Global Markets in a research note on Wednesday, October 1st. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $234.23.

Cboe Global Markets 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.