River Road Asset Management LLC cut its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 59.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,341 shares of the company’s stock after selling 63,307 shares during the quarter. River Road Asset Management LLC’s holdings in Cboe Global Markets were worth $5,041,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thompson Siegel & Walmsley LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at $48,408,000. Victory Capital Management Inc. raised its holdings in shares of Cboe Global Markets by 93.0% during the first quarter. Victory Capital Management Inc. now owns 681,454 shares of the company’s stock valued at $67,253,000 after purchasing an additional 328,284 shares during the period. Parnassus Investments CA boosted its position in shares of Cboe Global Markets by 24.1% during the 2nd quarter. Parnassus Investments CA now owns 1,647,669 shares of the company’s stock worth $196,155,000 after purchasing an additional 320,508 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of Cboe Global Markets by 8.9% in the 1st quarter. Janus Henderson Group PLC now owns 3,271,847 shares of the company’s stock valued at $322,897,000 after buying an additional 268,527 shares during the period. Finally, Los Angeles Capital Management LLC increased its position in Cboe Global Markets by 29.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 1,149,979 shares of the company’s stock valued at $136,905,000 after buying an additional 261,855 shares in the last quarter. 79.76% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on the company. Zacks Investment Research cut Cboe Global Markets from a “buy” rating to a “hold” rating and set a $124.00 target price on the stock. in a report on Tuesday, June 22nd. Argus boosted their target price on shares of Cboe Global Markets from $120.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, August 4th. Piper Sandler increased their price objective on Cboe Global Markets from $113.00 to $117.00 and gave the stock an “overweight” rating in a research note on Monday, July 12th. UBS Group lifted their target price on Cboe Global Markets from $111.00 to $124.00 and gave the company a “neutral” rating in a research report on Wednesday, July 7th. Finally, Morgan Stanley began coverage on Cboe Global Markets in a research note on Friday, June 11th. They set an “underweight” rating and a $104.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Cboe Global Markets has a consensus rating of “Buy” and an average price target of $195.54.
Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Thursday, July 29th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.36 by $0.02. Cboe Global Markets had a net margin of 12.73% and a return on equity of 16.65%. The company had revenue of $350.60 million during the quarter, compared to analysts’ expectations of $346.64 million. During the same quarter in the previous year, the company earned $1.31 earnings per share. Cboe Global Markets’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts forecast that Cboe Global Markets, Inc. will post 5.52 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 15th. Stockholders of record on Tuesday, August 31st will be issued a $0.48 dividend. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Monday, August 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.55%. Cboe Global Markets’s dividend payout ratio is presently 36.43%.
In other news, CFO Brian N. Schell sold 3,026 shares of Cboe Global Markets stock in a transaction dated Thursday, June 24th. The stock was sold at an average price of $120.79, for a total value of $365,510.54. Following the transaction, the chief financial officer now owns 12,391 shares in the company, valued at $1,496,708.89. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Brian N. Schell sold 10,020 shares of the stock in a transaction dated Monday, June 21st. The shares were sold at an average price of $117.94, for a total value of $1,181,758.80. Following the sale, the chief financial officer now owns 27,091 shares of the company’s stock, valued at $3,195,112.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,546 shares of company stock worth $2,446,744. Corporate insiders own 0.56% of the company’s stock.
Cboe Global Markets Company Profile
Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.
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