Ashton Thomas Private Wealth LLC Makes New $553,000 Investment in Cboe Global Markets, Inc. $CBOE

Key Points

• Ashton Thomas Private Wealth LLC has made a new investment in Cboe Global Markets, purchasing 2,445 shares valued at approximately $553,000.
• Cboe Global Markets reported strong quarterly earnings with earnings per share of $2.46, exceeding estimates, and a revenue increase of 14.3% compared to the previous year.
• The company has increased its quarterly dividend from $0.63 to $0.72 per share, representing an annual yield of 1.2%.

Ashton Thomas Private Wealth LLC purchased a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,445 shares of the company's stock, valued at approximately $553,000.

Several other institutional investors have also added to or reduced their stakes in CBOE. Alliancebernstein L.P. boosted its holdings in Cboe Global Markets by 23.1% in the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company's stock worth $2,141,730,000 after acquiring an additional 1,779,048 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Cboe Global Markets by 29,094.5% in the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after acquiring an additional 1,212,368 shares in the last quarter. Nuveen LLC acquired a new stake in Cboe Global Markets in the first quarter worth about $74,789,000. Perpetual Ltd acquired a new stake in Cboe Global Markets in the first quarter worth about $66,981,000. Finally, Citigroup Inc. boosted its holdings in Cboe Global Markets by 510.8% in the first quarter. Citigroup Inc. now owns 340,185 shares of the company's stock worth $76,980,000 after acquiring an additional 284,489 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Stock Up 0.8%

Shares of CBOE stock opened at $236.37 on Friday. The stock has a 50 day moving average of $240.85 and a 200 day moving average of $227.57. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market cap of $24.72 billion, a P/E ratio of 32.74, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share 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%.The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.15 earnings per share. As a group, sell-side 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 will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.72 per share. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, August 29th. Cboe Global Markets's dividend payout ratio (DPR) is 33.76%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group restated a "neutral" rating and issued a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Citigroup raised their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods raised their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. 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 note on Monday, August 4th. Finally, Barclays raised their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a research note on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $231.38.

Cboe Global Markets Company 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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