Cboe Global Markets, Inc. $CBOE Shares Purchased by AlphaQuest LLC

AlphaQuest LLC boosted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 46.5% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,880 shares of the company’s stock after purchasing an additional 1,232 shares during the period. AlphaQuest LLC’s holdings in Cboe Global Markets were worth $878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Clearstead Trust LLC acquired a new stake in Cboe Global Markets in the first quarter worth $26,000. NBC Securities Inc. acquired a new position in shares of Cboe Global Markets during the first quarter valued at $27,000. Greenline Partners LLC acquired a new position in shares of Cboe Global Markets during the fourth quarter valued at $29,000. Hughes Financial Services LLC acquired a new position in shares of Cboe Global Markets during the first quarter valued at $29,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $30,000 after purchasing an additional 139 shares during the period. 82.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CBOE shares. Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the company an “underweight” rating in a report on Tuesday, July 15th. Loop Capital set a $227.00 price target on Cboe Global Markets in a report on Monday, May 5th. Barclays raised their price target on Cboe Global Markets from $243.00 to $256.00 and gave the company an “equal weight” rating in a report on Monday, August 4th. Cowen reissued a “hold” rating on shares of Cboe Global Markets in a report on Monday, May 5th. Finally, Piper Sandler raised their price target on Cboe Global Markets from $250.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Cboe Global Markets presently has a consensus rating of “Reduce” and an average price target of $231.38.

Cboe Global Markets Price Performance

NASDAQ:CBOE opened at $246.43 on Monday. The business’s 50-day moving average price is $238.77 and its 200 day moving average price is $225.10. The firm has a market cap of $25.77 billion, a P/E ratio of 34.13, a PEG ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $255.27. 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 (NASDAQ:CBOE) last released its earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $2.15 EPS. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, August 29th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio is presently 33.76%.

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.