BlueCrest Capital Management Ltd Acquires New Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

BlueCrest Capital Management Ltd acquired a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,479 shares of the company's stock, valued at approximately $484,000.

Other hedge funds have also added to or reduced their stakes in the company. Freestone Grove Partners LP bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at about $16,178,000. Rehmann Capital Advisory Group boosted its holdings in Cboe Global Markets by 40.9% in the fourth quarter. Rehmann Capital Advisory Group now owns 1,765 shares of the company's stock valued at $345,000 after acquiring an additional 512 shares during the last quarter. Northern Trust Corp increased its position in Cboe Global Markets by 9.2% during the 4th quarter. Northern Trust Corp now owns 1,242,890 shares of the company's stock valued at $242,861,000 after purchasing an additional 104,257 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in Cboe Global Markets during the 4th quarter valued at approximately $439,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in Cboe Global Markets during the 4th quarter worth approximately $723,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Adam Inzirillo sold 200 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Allen Wilkinson sold 228 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company's stock, valued at $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,544 shares of company stock valued at $2,380,529 over the last three months. Corporate insiders own 0.22% of the company's stock.

Cboe Global Markets Price Performance

Shares of CBOE stock traded up $5.18 during trading hours on Friday, reaching $226.39. The company had a trading volume of 1,371,037 shares, compared to its average volume of 889,015. The firm has a fifty day moving average of $215.22. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $234.37. The company has a market capitalization of $23.70 billion, a P/E ratio of 31.36, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the prior year, the business posted $2.15 EPS. The firm's revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 dividend yield of 1.11%. Cboe Global Markets's payout ratio is presently 34.90%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CBOE shares. William Blair initiated coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a "market perform" rating on the stock. The Goldman Sachs Group cut Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price target on the stock. in a report on Monday, January 6th. Bank of America reiterated a "neutral" rating and issued a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Loop Capital set a $260.00 target price on shares of Cboe Global Markets in a research note on Wednesday, April 2nd. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating for the company in a research note on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $220.10.

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.