Truist Financial Corp Sells 684 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Truist Financial Corp lessened its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOEGet Rating) by 7.4% during the 1st quarter, Holdings Channel reports. The firm owned 8,540 shares of the company’s stock after selling 684 shares during the period. Truist Financial Corp’s holdings in Cboe Global Markets were worth $977,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. boosted its stake in Cboe Global Markets by 14.2% during the 4th quarter. BlackRock Inc. now owns 9,910,418 shares of the company’s stock worth $1,292,318,000 after acquiring an additional 1,229,437 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Cboe Global Markets during the 4th quarter worth approximately $77,586,000. Marshall Wace LLP bought a new position in Cboe Global Markets during the 4th quarter worth approximately $74,019,000. Millennium Management LLC boosted its stake in Cboe Global Markets by 81.1% during the 4th quarter. Millennium Management LLC now owns 544,500 shares of the company’s stock worth $71,003,000 after acquiring an additional 243,780 shares during the last quarter. Finally, CWM LLC bought a new position in Cboe Global Markets during the 4th quarter worth approximately $30,887,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $123.73 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.45. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The company has a market capitalization of $13.14 billion, a PE ratio of 26.55 and a beta of 0.59. The firm’s 50 day moving average is $113.48 and its 200-day moving average is $115.56.

Cboe Global Markets (NASDAQ:CBOEGet Rating) last posted its quarterly earnings data on Friday, April 29th. The company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.06. Cboe Global Markets had a net margin of 14.46% and a return on equity of 18.94%. The company had revenue of $418.10 million for the quarter, compared to the consensus estimate of $414.88 million. During the same period last year, the company earned $1.53 earnings per share. The firm’s revenue was up 14.4% compared to the same quarter last year. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.46 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were issued a $0.48 dividend. The ex-dividend date of this dividend was Friday, May 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.55%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 41.20%.

Analyst Ratings Changes

CBOE has been the topic of several recent analyst reports. Citigroup reduced their price objective on shares of Cboe Global Markets from $155.00 to $145.00 in a research note on Wednesday, April 13th. Rosenblatt Securities lifted their price objective on shares of Cboe Global Markets from $152.00 to $154.00 and gave the stock a “buy” rating in a research note on Thursday, April 14th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Cboe Global Markets from $131.00 to $136.00 and gave the stock a “buy” rating in a report on Wednesday, July 13th. Morgan Stanley upgraded shares of Cboe Global Markets from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $118.00 to $140.00 in a report on Tuesday, July 19th. Finally, Credit Suisse Group raised their target price on shares of Cboe Global Markets from $143.00 to $146.00 and gave the stock a “neutral” rating in a report on Wednesday, July 13th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets presently has an average rating of “Moderate Buy” and a consensus price target of $142.00.

About Cboe Global Markets

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Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.

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