AlphaQuest LLC Increases Position in Cboe Global Markets, Inc. $CBOE

AlphaQuest LLC grew its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 503.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,927 shares of the company’s stock after purchasing an additional 10,785 shares during the quarter. AlphaQuest LLC’s holdings in Cboe Global Markets were worth $3,170,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Sagespring Wealth Partners LLC boosted its holdings in Cboe Global Markets by 4.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock valued at $260,000 after acquiring an additional 42 shares during the period. IHT Wealth Management LLC raised its stake in Cboe Global Markets by 4.5% in the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after buying an additional 44 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of Cboe Global Markets by 3.7% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock worth $294,000 after acquiring an additional 45 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its holdings in Cboe Global Markets by 3.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock worth $349,000 after purchasing an additional 46 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Cboe Global Markets by 3.3% in the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,438 shares of the company’s stock worth $353,000 after acquiring an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Trading Up 0.3%

Cboe Global Markets stock opened at $265.34 on Friday. Cboe Global Markets, Inc. has a 52-week low of $200.88 and a 52-week high of $279.33. The company has a market cap of $27.77 billion, a P/E ratio of 36.75, a P/E/G ratio of 1.75 and a beta of 0.36. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The business has a 50-day simple moving average of $258.21 and a two-hundred day simple moving average of $248.21.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, October 31st. The company reported $2.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the business earned $2.22 EPS. The business’s revenue was up 13.8% on a year-over-year basis. Analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a dividend of $0.72 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s payout ratio is 30.93%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CBOE shares. Loop Capital set a $281.00 price objective on Cboe Global Markets in a research report on Wednesday, January 14th. Piper Sandler raised their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. UBS Group increased their price target on shares of Cboe Global Markets from $265.00 to $280.00 and gave the company a “neutral” rating in a report on Wednesday, January 7th. Barclays decreased their price objective on shares of Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $268.36.

Cboe Global Markets Company Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.