Lighthouse Investment Partners LLC Takes Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Lighthouse Investment Partners LLC bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,255 shares of the company's stock, valued at approximately $2,981,000.

Several other hedge funds also recently made changes to their positions in the company. Alliancebernstein L.P. lifted its position 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 purchasing an additional 5,193,339 shares during the period. Norges Bank purchased a new stake in Cboe Global Markets in the 4th quarter worth approximately $269,524,000. Raymond James Financial Inc. purchased a new stake in Cboe Global Markets in the 4th quarter worth approximately $59,206,000. First Trust Advisors LP grew 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 acquiring an additional 263,585 shares during the period. Finally, Balyasny Asset Management L.P. grew 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 acquiring an additional 234,199 shares during the period. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Up 0.8%

CBOE traded up $1.81 during trading hours on Friday, hitting $220.95. 1,156,118 shares of the company's stock were exchanged, compared to its average volume of 914,426. Cboe Global Markets, Inc. has a 1-year low of $166.13 and a 1-year high of $236.02. The firm has a 50-day moving average price of $217.91. The company has a market capitalization of $23.14 billion, a PE ratio of 30.60, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. 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 posted 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 net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the company posted $2.15 EPS. The company's quarterly revenue was up 12.6% on a year-over-year basis. On average, equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, May 30th. Cboe Global Markets's 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 value of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares in the company, valued at $417,872.31. This represents a 9.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of the firm's stock in a transaction 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 sale, the chief accounting officer now owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90% decrease in their position. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CBOE. Piper Sandler upped their price target on shares of Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a research report 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. Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Morgan Stanley lowered shares of Cboe Global Markets from an "overweight" rating to an "underweight" rating and cut their price objective for the stock from $256.00 to $215.00 in a report on Wednesday. Finally, UBS Group boosted their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target 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.