2,600 Shares in Cboe Global Markets, Inc. $CBOE Purchased by CTC Alternative Strategies Ltd.

Key Points

• CTC Alternative Strategies Ltd. has made a significant investment in Cboe Global Markets, Inc., purchasing 2,600 shares valued at approximately $588,000 in the first quarter.
• Analysts have issued various price targets for Cboe Global Markets, with Oppenheimer setting the highest target at $265.00 and a general consensus target price around $231.38.
• Cboe Global Markets will pay a quarterly dividend of $0.72 per share, increasing from the previous $0.63, effective on September 15th.

CTC Alternative Strategies Ltd. bought a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,600 shares of the company's stock, valued at approximately $588,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clearstead Trust LLC bought a new stake in Cboe Global Markets during the first quarter worth about $26,000. NBC Securities Inc. bought a new stake in Cboe Global Markets during the first quarter worth about $27,000. Hughes Financial Services LLC bought a new stake in Cboe Global Markets during the first quarter worth about $29,000. Cornerstone Planning Group LLC raised its holdings in Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after acquiring an additional 139 shares in the last quarter. Finally, Greenline Partners LLC bought a new stake in Cboe Global Markets during the fourth quarter worth about $29,000. Institutional investors own 82.67% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the stock an "outperform" rating in a report on Monday, August 4th. Barclays upped their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Piper Sandler upped their price objective on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Finally, Citigroup upped their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $231.38.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE opened at $232.09 on Monday. The firm has a market cap of $24.27 billion, a P/E ratio of 32.15, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27. The business's 50 day moving average is $240.65 and its 200-day moving average is $227.14.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $2.46 earnings per share 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 business'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. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis 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 is Friday, August 29th. Cboe Global Markets's dividend payout ratio is 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.

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