Schonfeld Strategic Advisors LLC Has $4.14 Million Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Schonfeld Strategic Advisors LLC trimmed its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 33.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,200 shares of the company's stock after selling 10,523 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Cboe Global Markets were worth $4,142,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Alliancebernstein L.P. raised its holdings in Cboe Global Markets by 208.4% in the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock valued at $1,501,745,000 after acquiring an additional 5,193,339 shares in the last quarter. Norges Bank bought a new position in 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 during the 4th quarter valued at about $59,206,000. First Trust Advisors LP boosted its position in shares of Cboe Global Markets by 756.0% in the 4th 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 period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Cboe Global Markets by 270.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company's stock worth $58,559,000 after buying an additional 218,865 shares during the period. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Trading Down 0.9 %

Shares of NASDAQ:CBOE traded down $2.18 on Thursday, reaching $232.05. 265,691 shares of the company were exchanged, compared to its average volume of 887,055. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock's 50-day simple moving average is $216.72. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $236.02. The company has a market capitalization of $24.30 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating 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 firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same period last year, the firm earned $2.15 EPS. As a group, analysts forecast 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 will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.09%. Cboe Global Markets's payout ratio is currently 33.03%.

Insider Activity

In related news, CAO Allen Wilkinson sold 228 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the sale, the chief accounting officer now directly owns 248 shares of the company's stock, valued at $52,357.76. This trade represents a 47.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the company's stock in a transaction on 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 $1,653,230.25. This trade represents a 57.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently weighed in on CBOE. Barclays boosted their price objective on Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Piper Sandler increased their price objective on Cboe Global Markets from $234.00 to $245.00 and gave the company an "overweight" rating in a research report on Monday. Cowen reaffirmed a "hold" rating on shares of Cboe Global Markets in a research note on Monday. Loop Capital set a $227.00 price objective on Cboe Global Markets in a research report on Monday. Finally, Keefe, Bruyette & Woods decreased their price objective on 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $223.36.

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.