AlphaQuest LLC Purchases 10,785 Shares of Cboe Global Markets, Inc. $CBOE

AlphaQuest LLC raised its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 503.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 hedge funds and other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Cboe Global Markets during the 2nd quarter valued at $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in Cboe Global Markets during the second quarter valued at about $33,000. Dakota Community Bank & Trust NA purchased a new position in shares of Cboe Global Markets in the third quarter valued at about $42,000. Ameritas Advisory Services LLC bought a new position in shares of Cboe Global Markets in the second quarter worth about $46,000. Finally, Root Financial Partners LLC bought a new position in shares of Cboe Global Markets in the third quarter worth about $51,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 0.3%

Shares of NASDAQ CBOE opened at $265.34 on Friday. Cboe Global Markets, Inc. has a 1-year low of $200.88 and a 1-year high of $279.33. 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 business’s 50 day moving average is $258.21 and its two-hundred day moving average is $248.21. The stock has a market capitalization of $27.77 billion, a P/E ratio of 36.75, a PEG ratio of 1.75 and a beta of 0.36.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.22 earnings per share. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Barclays lowered their target price on shares of Cboe Global Markets from $302.00 to $295.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Morgan Stanley raised their target price on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday, December 22nd. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average 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.