iSAM Funds UK Ltd Makes New $234,000 Investment in Cboe Global Markets, Inc. (NASDAQ:CBOE)

iSAM Funds UK Ltd acquired a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,199 shares of the company's stock, valued at approximately $234,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. boosted its stake 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 acquiring an additional 5,193,339 shares during the last quarter. Norges Bank acquired a new stake in Cboe Global Markets in the 4th quarter worth about $269,524,000. Raymond James Financial Inc. acquired a new stake in Cboe Global Markets in the 4th quarter worth about $59,206,000. First Trust Advisors LP boosted its stake in Cboe Global Markets by 756.0% in the 4th quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock worth $58,317,000 after buying an additional 263,585 shares during the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in Cboe Global Markets by 108.3% in the 4th quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company's stock worth $3,498,000 after buying an additional 234,199 shares during the last quarter. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on CBOE shares. Bank of America reissued a "neutral" rating and issued a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Morgan Stanley lowered Cboe Global Markets from an "overweight" rating to an "underweight" rating and reduced their price target for the stock from $256.00 to $215.00 in a research report on Wednesday, May 14th. UBS Group boosted their price target on Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a research report on Monday, May 5th. Loop Capital set a $227.00 price target on Cboe Global Markets in a research report on Monday, May 5th. Finally, Piper Sandler boosted their price target on Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $219.64.

Cboe Global Markets Trading Up 1.4%

CBOE stock traded up $3.16 during midday trading on Friday, hitting $231.58. 637,635 shares of the company's stock were exchanged, compared to its average volume of 911,725. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $236.02. 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 firm has a market capitalization of $24.25 billion, a PE ratio of 32.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The business has a 50 day moving average of $219.24.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the business posted $2.15 earnings per share. The firm's revenue for the quarter was up 12.6% compared to the same quarter last year. 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 company also recently declared 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 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 dividend payout ratio (DPR) is 33.03%.

Insider Activity

In other news, 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 directly owns 248 shares in the company, valued at approximately $52,357.76. The trade was a 47.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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.