Wealth Alliance LLC Takes Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Wealth Alliance LLC bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,045 shares of the company's stock, valued at approximately $237,000.

Other institutional investors have also recently made changes to their positions in the company. OneDigital Investment Advisors LLC purchased a new position in shares of Cboe Global Markets during the 1st quarter valued at approximately $265,000. Capital Investment Advisory Services LLC acquired a new stake in Cboe Global Markets in the 1st quarter valued at $277,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Cboe Global Markets by 31.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock valued at $6,689,000 after acquiring an additional 7,146 shares during the period. GAM Holding AG acquired a new stake in Cboe Global Markets in the 1st quarter valued at $1,541,000. Finally, Teacher Retirement System of Texas acquired a new stake in Cboe Global Markets in the 1st quarter valued at $3,463,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock traded up $0.60 during trading hours on Friday, reaching $246.51. 781,849 shares of the company's stock were exchanged, compared to its average volume of 862,974. Cboe Global Markets, Inc. has a 1 year low of $181.32 and a 1 year high of $248.79. The company has a market capitalization of $25.81 billion, a P/E ratio of 34.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The business has a fifty day moving average of $230.50 and a two-hundred day moving average of $218.40. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. 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 business earned $2.15 earnings per share. Cboe Global Markets's revenue was up 12.6% compared to the same quarter last year. As a group, research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.02%. Cboe Global Markets's payout ratio is 33.03%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CBOE. UBS Group lifted their price target on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Citigroup lifted their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Morgan Stanley set a $218.00 price target on shares of Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, Piper Sandler lifted their price target on shares of Cboe Global Markets from $245.00 to $250.00 and gave the company an "overweight" rating in a research note on Tuesday, July 15th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $222.58.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the transaction, the executive vice president owned 2,183 shares of the company's stock, valued at approximately $494,624.14. The trade was a 62.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.22% of the company's stock.

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.