Arrowstreet Capital Limited Partnership Raises Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Arrowstreet Capital Limited Partnership raised its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 270.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 299,690 shares of the company’s stock after buying an additional 218,865 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.29% of Cboe Global Markets worth $58,559,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Cboe Global Markets during the third quarter valued at $158,000. Benjamin Edwards Inc. grew its stake in shares of Cboe Global Markets by 5,967.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after purchasing an additional 29,778 shares during the period. Harmony Asset Management LLC purchased a new stake in shares of Cboe Global Markets during the 3rd quarter valued at about $15,175,000. Janus Henderson Group PLC lifted its stake in shares of Cboe Global Markets by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,528,295 shares of the company’s stock worth $313,090,000 after purchasing an additional 5,216 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Cboe Global Markets in the third quarter worth approximately $881,000. 82.67% of the stock is owned by institutional investors.

Insider Transactions at Cboe Global Markets

In other news, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares of the company’s stock, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Allen Wilkinson sold 228 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the transaction, the chief accounting officer now directly owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Trading Down 0.6 %

CBOE stock opened at $225.04 on Wednesday. The stock has a market cap of $23.56 billion, a PE ratio of 31.17, a PEG ratio of 1.75 and a beta of 0.67. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $227.22. The business’s 50-day moving average price is $210.98. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the previous year, the business posted $2.06 EPS. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.12%. Cboe Global Markets’s payout ratio is 34.90%.

Analysts Set New Price Targets

A number of brokerages have commented on CBOE. Barclays upped their target price on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. William Blair started coverage on Cboe Global Markets in a research report on Thursday, January 9th. They issued a “market perform” rating for the company. Bank of America lifted their target price on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Oppenheimer lowered their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $206.86.

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.