Total Clarity Wealth Management Inc. Invests $259,000 in Cboe Global Markets, Inc. $CBOE

Key Points

• Total Clarity Wealth Management Inc. has invested approximately $259,000 in Cboe Global Markets, purchasing 1,113 shares in the 2nd quarter.
• Several large investors increased their stakes in Cboe Global Markets, with Vest Financial LLC and Yousif Capital Management LLC raising their holdings by over 20% during the same period.
• Cboe Global Markets has recently increased its quarterly dividend from $0.63 to $0.72 per share, reflecting a strong financial performance with a reported 14.3% increase in year-over-year revenue.

Total Clarity Wealth Management Inc. purchased a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,113 shares of the company's stock, valued at approximately $259,000.

Several other large investors also recently modified their holdings of the stock. Vest Financial LLC increased its stake in shares of Cboe Global Markets by 20.8% during the 2nd quarter. Vest Financial LLC now owns 19,829 shares of the company's stock worth $4,624,000 after purchasing an additional 3,416 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of Cboe Global Markets by 24.2% during the 2nd quarter. Yousif Capital Management LLC now owns 16,540 shares of the company's stock worth $3,857,000 after purchasing an additional 3,225 shares during the last quarter. MGO One Seven LLC increased its stake in shares of Cboe Global Markets by 53.9% during the 2nd quarter. MGO One Seven LLC now owns 2,050 shares of the company's stock worth $478,000 after purchasing an additional 718 shares during the last quarter. MOKAN Wealth Management Inc. increased its stake in shares of Cboe Global Markets by 4.7% during the 2nd quarter. MOKAN Wealth Management Inc. now owns 9,140 shares of the company's stock worth $2,132,000 after purchasing an additional 414 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Cboe Global Markets by 11.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,427 shares of the company's stock worth $2,436,000 after purchasing an additional 1,092 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Analyst Upgrades and Downgrades

CBOE has been the subject of several research analyst reports. Loop Capital set a $264.00 price target on shares of Cboe Global Markets in a research note on Wednesday, October 8th. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the company an "outperform" rating in a research note on Monday, August 4th. Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Morgan Stanley reiterated an "underweight" rating and issued a $221.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, October 1st. Finally, Barclays lifted their price objective on shares of Cboe Global Markets from $256.00 to $264.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 8th. 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus price target of $235.08.

Cboe Global Markets Stock Down 0.5%

CBOE opened at $243.49 on Tuesday. The company has a fifty day moving average price of $241.25 and a 200-day moving average price of $231.70. The firm has a market capitalization of $25.47 billion, a P/E ratio of 33.72, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released 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 company's revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 EPS. Equities research 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 was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.72 per share. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. The ex-dividend date was Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets's dividend payout ratio is 33.76%.

About Cboe Global Markets

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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