Graham Capital Management L.P. Sells 2,837 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Graham Capital Management L.P. cut its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 32.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,930 shares of the company's stock after selling 2,837 shares during the quarter. Graham Capital Management L.P.'s holdings in Cboe Global Markets were worth $1,159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. raised 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 purchasing an additional 5,193,339 shares during the period. Norges Bank acquired a new stake in Cboe Global Markets during the 4th quarter valued at $269,524,000. Raymond James Financial Inc. purchased a new stake in Cboe Global Markets during the 4th quarter worth $59,206,000. First Trust Advisors LP increased its stake in Cboe Global Markets by 756.0% during 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 period. Finally, Balyasny Asset Management L.P. lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Up 0.8%

Shares of CBOE traded up $1.81 during trading hours on Friday, hitting $220.95. The company had a trading volume of 1,156,118 shares, compared to its average volume of 914,426. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 30.60, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The stock has a fifty day moving average price of $217.72. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $236.02. 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 released its earnings results 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 net margin of 18.64% and a return on equity of 22.02%. The company's revenue was up 12.6% compared to the same quarter last year. During the same period last year, the company posted $2.15 EPS. On average, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.14%. Cboe Global Markets's dividend payout ratio is currently 33.03%.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. The trade was a 47.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on CBOE shares. 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 note on Monday, May 5th. Loop Capital set a $227.00 target price on Cboe Global Markets in a research note on Monday, May 5th. StockNews.com raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. Piper Sandler upped their price target 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, Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $219.64.

Cboe Global Markets Company 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.