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

Key Points

• AlphaQuest LLC has increased its stake in Cboe Global Markets, Inc. by 46.5%, owning a total of 3,880 shares valued at $878,000 after acquiring additional shares in the first quarter.
• Cboe Global Markets announced a quarterly dividend increase from $0.63 to $0.72, with a yield of 1.2%, effective for shareholders of record as of August 29.
• The company's recent earnings report showed a beat on EPS with $2.46, above the consensus estimate of $2.43, marking a year-over-year revenue increase of 14.3%.

AlphaQuest LLC increased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 46.5% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 3,880 shares of the company's stock after acquiring an additional 1,232 shares during the period. AlphaQuest LLC's holdings in Cboe Global Markets were worth $878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Ritholtz Wealth Management increased its holdings in Cboe Global Markets by 0.9% during the 1st quarter. Ritholtz Wealth Management now owns 5,592 shares of the company's stock worth $1,265,000 after purchasing an additional 48 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in Cboe Global Markets by 1.3% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company's stock worth $874,000 after purchasing an additional 48 shares during the last quarter. Pekin Hardy Strauss Inc. increased its holdings in Cboe Global Markets by 0.5% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock worth $2,436,000 after purchasing an additional 49 shares during the last quarter. Burney Co. increased its holdings in Cboe Global Markets by 0.7% during the 1st quarter. Burney Co. now owns 6,942 shares of the company's stock worth $1,571,000 after purchasing an additional 51 shares during the last quarter. Finally, Argent Trust Co increased its holdings in Cboe Global Markets by 1.3% during the 1st quarter. Argent Trust Co now owns 4,927 shares of the company's stock worth $1,115,000 after purchasing an additional 61 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

CBOE stock opened at $246.43 on Monday. 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 firm has a market cap of $25.77 billion, a P/E ratio of 34.13, a P/E/G ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27. The stock's 50 day simple moving average is $238.77 and its 200 day simple moving average is $225.10.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly 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 return on equity of 22.02% and a net margin of 18.64%.The business's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the company posted $2.15 EPS. As a group, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.72 dividend. This is a boost 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 of this dividend is Friday, August 29th. Cboe Global Markets's dividend payout ratio is 33.76%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CBOE shares. Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. Barclays lifted their price objective on Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. UBS Group restated a "neutral" rating and set a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Loop Capital set a $227.00 price target on Cboe Global Markets in a report on Monday, May 5th. Finally, Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the company an "underweight" rating in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $231.38.

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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