Ashton Thomas Private Wealth LLC Takes $553,000 Position 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 stake 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 fund purchased 2,445 shares of the company's stock, valued at approximately $553,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. boosted its position in shares of Cboe Global Markets by 23.1% during the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company's stock valued at $2,141,730,000 after purchasing an additional 1,779,048 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in Cboe Global Markets by 1.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,069,233 shares of the company's stock valued at $920,827,000 after buying an additional 54,054 shares during the period. Invesco Ltd. boosted its holdings in shares of Cboe Global Markets by 15.6% during the 1st quarter. Invesco Ltd. now owns 1,357,792 shares of the company's stock valued at $307,255,000 after buying an additional 182,725 shares in the last quarter. Northern Trust Corp grew its position in shares of Cboe Global Markets by 6.1% in the 1st quarter. Northern Trust Corp now owns 1,319,236 shares of the company's stock worth $298,530,000 after buying an additional 76,346 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Cboe Global Markets by 29,094.5% in the 1st 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. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBOE has been the topic of several research reports. UBS Group reissued a "neutral" rating and set a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Piper Sandler boosted their price target on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report 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 report on Tuesday, July 15th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $254.00 price objective on shares of Cboe Global Markets in a research note on Monday, August 4th. Finally, Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Reduce" and a consensus price target of $231.38.

Cboe Global Markets Stock Up 0.4%

CBOE stock traded up $0.90 during midday trading on Wednesday, hitting $234.64. The company's stock had a trading volume of 47,072 shares, compared to its average volume of 870,909. The company has a market cap of $24.54 billion, a PE ratio of 32.50, a P/E/G 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 12 month low of $187.30 and a 12 month high of $255.27. The firm's 50-day moving average is $240.92 and its 200-day moving average is $228.25.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping 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%.Cboe Global Markets's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.15 earnings per share. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's payout ratio is presently 33.76%.

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.