Twinbeech Capital LP Purchases Shares of 19,244 Cboe Global Markets, Inc. (NASDAQ:CBOE)

Twinbeech Capital LP acquired a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 19,244 shares of the company's stock, valued at approximately $3,760,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Oak Harvest Investment Services bought a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $977,000. Forge First Asset Management Inc. bought a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $8,461,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Cboe Global Markets by 40.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company's stock valued at $4,750,000 after acquiring an additional 6,943 shares in the last quarter. Brentview Investment Management LLC bought a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $3,278,000. Finally, Skylands Capital LLC raised its stake in shares of Cboe Global Markets by 88.9% during the fourth quarter. Skylands Capital LLC now owns 8,500 shares of the company's stock valued at $1,661,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Trading Up 1.4%

Shares of CBOE stock traded up $3.16 during trading hours on Friday, reaching $231.58. 637,635 shares of the company's stock were exchanged, compared to its average volume of 911,725. The business's 50 day moving average price is $219.24. The stock has a market cap of $24.25 billion, a P/E ratio of 32.07, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $236.02.

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 (EPS) for the quarter, topping 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%. The business's revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.15 EPS. Equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Friday, May 30th. Cboe Global Markets's payout ratio is presently 33.03%.

Insider Transactions at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the company's stock in a transaction 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 transaction, the chief accounting officer now directly owns 248 shares of the company's stock, valued at $52,357.76. This represents a 47.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.22% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CBOE. Barclays lifted their price target on shares of Cboe Global Markets from $232.00 to $245.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Loop Capital set a $227.00 price objective on shares of Cboe Global Markets in a report on Monday, May 5th. Wall Street Zen raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. Piper Sandler lifted their price objective on shares of Cboe Global Markets from $234.00 to $245.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Oppenheimer lifted their price objective on shares of Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $219.64.

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.