Marshall Wace LLP Sells 260,338 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Marshall Wace LLP lowered its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 70.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,168 shares of the company's stock after selling 260,338 shares during the quarter. Marshall Wace LLP owned 0.10% of Cboe Global Markets worth $21,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Alliancebernstein L.P. lifted its position in shares of Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after purchasing an additional 5,193,339 shares in the last quarter. Norges Bank purchased a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $269,524,000. Raymond James Financial Inc. bought a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $59,206,000. Arrowstreet Capital Limited Partnership increased its position in shares of 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 acquiring an additional 218,865 shares during the last quarter. Finally, Amundi boosted its position in Cboe Global Markets by 27.2% in the fourth quarter. Amundi now owns 885,659 shares of the company's stock worth $170,923,000 after purchasing an additional 189,280 shares during the last quarter. 82.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of recent analyst reports. Morgan Stanley upgraded Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 target price on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group lowered their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research report on Thursday, January 9th. Barclays increased their target price on shares of Cboe Global Markets from $216.00 to $232.00 and gave the company an "equal weight" rating in a research report on Monday, April 7th. Loop Capital set a $260.00 price objective on Cboe Global Markets in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group lowered Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 price objective for the company. in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $218.80.

Cboe Global Markets Price Performance

CBOE stock traded down $1.24 during mid-day trading on Friday, reaching $211.44. 172,453 shares of the company traded hands, compared to its average volume of 875,881. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $234.37. The stock has a market capitalization of $22.14 billion, a P/E ratio of 29.29, a P/E/G ratio of 1.75 and a beta of 0.47. 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 fifty day moving average price of $214.08.

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

Cboe Global Markets Dividend Announcement

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 1.19%. Cboe Global Markets's dividend payout ratio is currently 34.90%.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Adam Inzirillo sold 200 shares of the company'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 directly owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % decrease in their position. The transaction 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. Insiders have sold a total of 11,544 shares of company stock valued at $2,380,529 in the last 90 days. Corporate insiders own 0.22% of the company's stock.

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.