82,796 Shares in Cboe Global Markets, Inc. (NASDAQ:CBOE) Bought by Freestone Grove Partners LP

Freestone Grove Partners LP 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 13F filing with the SEC. The institutional investor acquired 82,796 shares of the company's stock, valued at approximately $16,178,000. Freestone Grove Partners LP owned 0.08% of Cboe Global Markets at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CBOE. Alliancebernstein L.P. increased its holdings in Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock worth $1,501,745,000 after buying an additional 5,193,339 shares during the last quarter. Norges Bank purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $269,524,000. Raymond James Financial Inc. bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $59,206,000. First Trust Advisors LP lifted its stake in Cboe Global Markets by 756.0% in the fourth quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock valued at $58,317,000 after purchasing an additional 263,585 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Cboe Global Markets by 270.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company's stock valued at $58,559,000 after purchasing an additional 218,865 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price target on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a research report on Monday, January 13th. Morgan Stanley raised shares of Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price objective on the stock in a report on Tuesday, April 8th. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price for the company. in a research note on Monday, January 6th. Oppenheimer upped their price target on shares of Cboe Global Markets from $233.00 to $237.00 and gave the company an "outperform" rating in a research note on Friday, April 11th. Finally, Piper Sandler lifted their price objective on shares of Cboe Global Markets from $230.00 to $234.00 and gave the company an "overweight" rating in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets presently has an average rating of "Hold" and an average price target of $218.80.

Insider Activity

In other news, EVP Adam Inzirillo sold 200 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dave Howson sold 11,036 shares of the firm's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. This represents a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is currently owned by corporate insiders.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $221.21 on Friday. The stock has a market capitalization of $23.16 billion, a P/E ratio of 30.64, a PEG ratio of 1.75 and a beta of 0.47. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $234.37. The stock has a fifty day simple moving average of $214.85. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 prior year, the company posted $2.06 EPS. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date was Friday, February 28th. Cboe Global Markets's payout ratio is 34.90%.

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.

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