Cerity Partners LLC Decreases Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Cerity Partners LLC reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,115 shares of the company’s stock after selling 315 shares during the period. Cerity Partners LLC’s holdings in Cboe Global Markets were worth $3,420,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in shares of Cboe Global Markets in the first quarter worth about $27,000. Lee Danner & Bass Inc. acquired a new position in Cboe Global Markets in the 4th quarter worth $29,000. Greenline Partners LLC acquired a new position in Cboe Global Markets in the 4th quarter worth $29,000. Cornerstone Planning Group LLC boosted its position in 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 during the last quarter. Finally, Generali Asset Management SPA SGR acquired a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $37,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 0.3%

NASDAQ:CBOE opened at $238.45 on Friday. The company has a market cap of $24.97 billion, a PE ratio of 33.03, a P/E/G ratio of 1.75 and a beta of 0.43. The business’s 50 day moving average is $228.21 and its two-hundred day moving average is $216.56. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 52 week low of $181.32 and a 52 week high of $239.67.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The business’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company posted $2.15 EPS. On average, analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a $0.63 dividend. The ex-dividend date was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. Cboe Global Markets’s payout ratio is currently 33.03%.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the sale, the executive vice president owned 2,183 shares of the company’s stock, valued at $494,624.14. This represents a 62.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the topic of a number of analyst reports. Citigroup lifted their target price on Cboe Global Markets from $230.00 to $245.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 8th. Oppenheimer raised their price objective on Cboe Global Markets from $249.00 to $253.00 and gave the company an “outperform” rating in a research note on Tuesday. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the stock an “underweight” rating in a report on Tuesday. Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Finally, Piper Sandler raised their price target on shares of Cboe Global Markets from $245.00 to $250.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $222.58.

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.