Alamea Verwaltungs GmbH Invests $758,000 in Cboe Global Markets, Inc. $CBOE

Key Points

• Alamea Verwaltungs GmbH invested $758,000 in Cboe Global Markets, acquiring 3,348 shares, which constitutes 0.7% of its investment portfolio.
• Several other institutions have also recently purchased shares, with hedge funds and institutional investors holding 82.67% of Cboe's stock.
• Cboe Global Markets announced a quarterly dividend increase to $0.72 per share, with a dividend yield of 1.2%, up from the previous $0.63.

Alamea Verwaltungs GmbH bought a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,348 shares of the company's stock, valued at approximately $758,000. Cboe Global Markets makes up approximately 0.7% of Alamea Verwaltungs GmbH's investment portfolio, making the stock its 16th largest position.

Other large investors have also recently modified their holdings of the company. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets in the first quarter valued at approximately $26,000. NBC Securities Inc. bought a new position in shares of Cboe Global Markets in the first quarter valued at approximately $27,000. Greenline Partners LLC bought a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $29,000. Hughes Financial Services LLC bought a new position in shares of Cboe Global Markets in the first quarter valued at approximately $29,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after acquiring an additional 139 shares during the period. Hedge funds and other institutional investors own 82.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CBOE. Citigroup raised their price objective on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research report on Tuesday, July 8th. Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a research report on Monday, May 5th. Cowen restated a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Finally, Royal Bank Of Canada restated a "sector perform" rating and issued a $254.00 price objective 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 given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Reduce" and a consensus target price of $231.38.

Cboe Global Markets Trading Up 0.3%

Shares of Cboe Global Markets stock opened at $235.95 on Friday. Cboe Global Markets, Inc. has a 1 year low of $187.30 and a 1 year high of $255.27. The firm has a market cap of $24.68 billion, a PE ratio of 32.68, a PEG ratio of 1.75 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a 50 day simple moving average of $240.17 and a two-hundred day simple moving average of $226.04.

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 (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the firm earned $2.15 earnings per share. The company's revenue for the quarter was up 14.3% on a year-over-year basis. Analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date of this dividend is Friday, August 29th. Cboe Global Markets's 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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