Baird Financial Group Inc. Increases Stock Holdings in Cboe Global Markets, Inc. $CBOE

Baird Financial Group Inc. raised its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 21.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,148 shares of the company’s stock after buying an additional 4,767 shares during the period. Baird Financial Group Inc.’s holdings in Cboe Global Markets were worth $6,331,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Cboe Global Markets by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock worth $2,992,793,000 after acquiring an additional 195,086 shares during the period. Alliancebernstein L.P. increased 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 valued at $2,141,730,000 after purchasing an additional 1,779,048 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of Cboe Global Markets by 1.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company’s stock valued at $920,827,000 after buying an additional 54,054 shares during the period. Geode Capital Management LLC lifted its position in shares of Cboe Global Markets by 1.8% during the second quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company’s stock worth $664,186,000 after purchasing an additional 51,873 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Cboe Global Markets by 27.3% in the second quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock valued at $402,990,000 after purchasing an additional 370,223 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Down 0.0%

CBOE stock opened at $253.15 on Wednesday. The stock has a market cap of $26.49 billion, a P/E ratio of 35.06, a PEG ratio of 1.75 and a beta of 0.35. 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 twelve month low of $187.30 and a twelve month high of $262.98. The company’s 50 day moving average is $248.01 and its two-hundred day moving average is $240.43.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.22 EPS. Research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a dividend of $0.72 per share. The ex-dividend date is Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s dividend payout ratio is currently 30.93%.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several recent research reports. Barclays upped their target price on shares of Cboe Global Markets from $264.00 to $273.00 and gave the stock an “equal weight” rating in a research note on Monday, November 3rd. Citigroup upped their price objective on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $221.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, October 1st. Loop Capital set a $287.00 target price on Cboe Global Markets in a research note on Monday, November 3rd. Finally, Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $243.38.

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.