AlphaQuest LLC Sells 1,738 Shares of Cboe Global Markets, Inc. $CBOE

AlphaQuest LLC decreased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 44.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,142 shares of the company’s stock after selling 1,738 shares during the quarter. AlphaQuest LLC’s holdings in Cboe Global Markets were worth $500,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CBOE. Clearstead Trust LLC bought a new position in Cboe Global Markets during the first quarter valued at $26,000. Missouri Trust & Investment Co bought a new position in Cboe Global Markets during the second quarter valued at $26,000. Hughes Financial Services LLC bought a new position in Cboe Global Markets during the first quarter valued at $29,000. Cornerstone Planning Group LLC lifted its position in Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Finally, Pandora Wealth Inc. bought a new position in Cboe Global Markets during the first quarter valued at $45,000. Institutional investors own 82.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on CBOE. Piper Sandler set a $270.00 price objective on shares of Cboe Global Markets and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Barclays increased 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 report on Wednesday, October 8th. Morgan Stanley reiterated an “underweight” rating and set a $221.00 price objective on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, UBS Group restated a “neutral” rating and issued a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Reduce” and an average target price of $235.46.

Cboe Global Markets Trading Up 0.1%

CBOE stock opened at $238.53 on Wednesday. The company has a market capitalization of $24.95 billion, a PE ratio of 33.04, a P/E/G ratio of 1.75 and a beta of 0.44. 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 $238.97 and its 200 day moving average is $233.48. 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 (NASDAQ:CBOE) last posted its quarterly earnings results 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 net margin of 18.64% and a return on equity of 22.02%. The firm’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.15 EPS. On average, research analysts anticipate 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 was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.72 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.88 annualized dividend and a yield of 1.2%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s payout ratio is 33.76%.

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.