Riverview Trust Co Sells 117 Shares of Cboe Global Markets, Inc. $CBOE

Riverview Trust Co decreased its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 49.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 120 shares of the company’s stock after selling 117 shares during the period. Riverview Trust Co’s holdings in Cboe Global Markets were worth $28,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Missouri Trust & Investment Co bought a new position in shares of Cboe Global Markets during the second quarter worth about $26,000. Clearstead Trust LLC acquired a new position in Cboe Global Markets during the 1st quarter worth approximately $26,000. NBC Securities Inc. acquired a new position in Cboe Global Markets during the 1st quarter worth approximately $27,000. Hughes Financial Services LLC acquired a new position in Cboe Global Markets during the 1st quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC boosted its position in Cboe Global Markets by 4,633.3% during the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Stock Down 1.4%

Cboe Global Markets stock opened at $241.77 on Thursday. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27. The company’s 50-day moving average price is $241.76 and its two-hundred day moving average price is $230.20. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a market cap of $25.29 billion, a P/E ratio of 33.49, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period in the prior year, the firm posted $2.15 earnings per share. Cboe Global Markets’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. The ex-dividend date was Friday, August 29th. Cboe Global Markets’s dividend payout ratio is presently 33.76%.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research report on Monday, August 4th. Piper Sandler raised their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Citigroup raised their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a “neutral” rating in a report on Tuesday, July 8th. Keefe, Bruyette & Woods increased their price target on Cboe Global Markets from $243.00 to $248.00 and gave the company a “market perform” rating in a research report on Monday, August 4th. Finally, UBS Group reissued a “neutral” rating and set a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $231.62.

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.