AlphaQuest LLC reduced its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 44.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,142 shares of the company’s stock after selling 1,738 shares during the period. AlphaQuest LLC’s holdings in Cboe Global Markets were worth $500,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CBOE. Alliancebernstein L.P. increased its holdings in 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 buying an additional 1,779,048 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Cboe Global Markets by 400.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock valued at $241,580,000 after buying an additional 854,325 shares during the last quarter. Nuveen LLC purchased a new stake in Cboe Global Markets during the first quarter valued at approximately $74,789,000. Citigroup Inc. increased its holdings in Cboe Global Markets by 510.8% during the first quarter. Citigroup Inc. now owns 340,185 shares of the company’s stock valued at $76,980,000 after buying an additional 284,489 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Cboe Global Markets during the second quarter valued at approximately $53,776,000. 82.67% of the stock is owned by hedge funds and other institutional investors.
Cboe Global Markets Stock Performance
CBOE opened at $238.53 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a 50 day simple moving average of $238.97 and a two-hundred day simple moving average of $233.48. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27. The firm has a market cap of $24.95 billion, a P/E ratio of 33.04, a PEG ratio of 1.75 and a beta of 0.44.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping analysts’ consensus estimates of $2.43 by $0.03. 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. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. Equities 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 business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.72 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, August 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 33.76%.
Wall Street Analyst Weigh In
A number of analysts have commented on the stock. Loop Capital set a $264.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a “market perform” rating in a research report on Monday, August 4th. Oppenheimer set a $265.00 price target on shares of Cboe Global Markets and gave the stock an “outperform” rating in a research report on Monday, August 4th. Morgan Stanley reiterated an “underweight” rating and issued a $221.00 price target on shares of Cboe Global Markets in a research report on Wednesday, October 1st. Finally, UBS Group reiterated a “neutral” rating and issued a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $235.46.
Check Out Our Latest Stock Analysis on CBOE
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.
See Also
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