Freestone Grove Partners LP Acquires New Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Freestone Grove Partners LP purchased a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 82,796 shares of the company's stock, valued at approximately $16,178,000. Freestone Grove Partners LP owned about 0.08% of Cboe Global Markets at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group lifted its position in shares of Cboe Global Markets by 40.9% during the 4th quarter. Rehmann Capital Advisory Group now owns 1,765 shares of the company's stock worth $345,000 after buying an additional 512 shares during the last quarter. Northern Trust Corp increased its holdings in Cboe Global Markets by 9.2% in the 4th quarter. Northern Trust Corp now owns 1,242,890 shares of the company's stock worth $242,861,000 after purchasing an additional 104,257 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $439,000. Susquehanna Fundamental Investments LLC acquired a new stake in Cboe Global Markets during the 4th quarter worth approximately $723,000. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in Cboe Global Markets by 15.2% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 254,003 shares of the company's stock worth $49,632,000 after acquiring an additional 33,550 shares during the last quarter. Institutional investors own 82.67% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on CBOE. Keefe, Bruyette & Woods lowered 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 report on Monday, January 13th. William Blair initiated coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They set a "market perform" rating on the stock. StockNews.com raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Oppenheimer upped their target price on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a report on Monday. Finally, Piper Sandler increased their price target on shares of Cboe Global Markets from $234.00 to $245.00 and gave the company an "overweight" rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of "Hold" and a consensus price target of $223.36.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now owns 8,025 shares of the company's stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, 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 disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock worth $2,380,529 in the last 90 days. 0.22% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Up 0.4 %

CBOE stock traded up $0.82 during mid-day trading on Wednesday, hitting $234.14. The company had a trading volume of 297,527 shares, compared to its average volume of 885,622. 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 company has a market capitalization of $24.51 billion, a P/E ratio of 32.43, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $235.61. The firm's 50-day moving average price is $216.25.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the company earned $2.15 earnings per share. The company's revenue was up 12.6% compared to the same quarter last year. As a group, analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.08%. Cboe Global Markets's payout ratio is 33.03%.

Cboe Global Markets 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.