Brevan Howard Capital Management LP Lowers Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Brevan Howard Capital Management LP reduced its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 79.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,509 shares of the company's stock after selling 5,852 shares during the period. Brevan Howard Capital Management LP's holdings in Cboe Global Markets were worth $295,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Cboe Global Markets by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company's stock worth $2,467,700,000 after buying an additional 56,233 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Cboe Global Markets by 208.4% during the 4th 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 in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Cboe Global Markets by 3.3% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock worth $784,566,000 after buying an additional 126,721 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Cboe Global Markets by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock worth $535,994,000 after buying an additional 44,291 shares in the last quarter. Finally, FMR LLC boosted its holdings in shares of Cboe Global Markets by 2.5% during the 4th quarter. FMR LLC now owns 1,571,980 shares of the company's stock worth $307,165,000 after buying an additional 38,587 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com upgraded Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Barclays increased their target price on Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Morgan Stanley lowered Cboe Global Markets from an "overweight" rating to an "underweight" rating and lowered their price target for the company from $256.00 to $215.00 in a research report on Wednesday. Finally, UBS Group increased their price target on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Cboe Global Markets has an average rating of "Hold" and a consensus target price of $219.64.

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Adam Inzirillo sold 200 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the business's 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 sale, the chief accounting officer now owns 248 shares of the company's stock, valued at $52,357.76. The trade was a 47.90% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.22% of the company's stock.

Cboe Global Markets Stock Down 3.2%

CBOE traded down $6.97 during trading hours on Wednesday, hitting $213.41. The stock had a trading volume of 1,671,740 shares, compared to its average volume of 912,136. The firm's fifty day simple moving average is $217.72. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $236.02. The stock has a market capitalization of $22.35 billion, a PE ratio of 29.56, a PEG ratio of 1.75 and a beta of 0.44. 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 - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.36 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 was up 12.6% on a year-over-year basis. During the same period last year, the company posted $2.15 earnings per share. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders 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 1.18%. The ex-dividend date of this dividend is Friday, May 30th. Cboe Global Markets's payout ratio is presently 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.