Man Group plc Purchases 125,610 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Man Group plc raised its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 50.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 372,489 shares of the company's stock after acquiring an additional 125,610 shares during the quarter. Man Group plc owned about 0.36% of Cboe Global Markets worth $72,784,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CBOE. Vanguard Group Inc. raised its position in shares of Cboe Global Markets by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company's stock valued at $2,467,700,000 after purchasing an additional 56,233 shares during the period. Alliancebernstein L.P. raised its position in shares of 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. T. Rowe Price Investment Management Inc. raised its position in shares of Cboe Global Markets by 3.3% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,015,179 shares of the company's stock valued at $784,566,000 after purchasing an additional 126,721 shares during the period. Geode Capital Management LLC raised its position in shares of Cboe Global Markets by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock valued at $535,994,000 after purchasing an additional 44,291 shares during the period. Finally, FMR LLC raised its position in shares of Cboe Global Markets by 2.5% in the fourth quarter. FMR LLC now owns 1,571,980 shares of the company's stock valued at $307,165,000 after purchasing an additional 38,587 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of NASDAQ:CBOE traded up $1.81 on Friday, hitting $220.95. The stock had a trading volume of 1,156,118 shares, compared to its average volume of 914,426. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve 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 company has a 50 day moving average of $217.91. The company has a market cap of $23.14 billion, a P/E ratio of 30.60, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued 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%. During the same period in the prior year, the firm posted $2.15 EPS. Cboe Global Markets's quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently announced 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 presently 33.03%.

Insider Activity

In related news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction dated 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 transaction, the chief accounting officer now directly owns 248 shares of the company's stock, valued at $52,357.76. The trade was a 47.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares of the company's stock, valued at $417,872.31. This represents a 9.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CBOE has been the topic of several research analyst reports. Barclays raised their price objective on shares of Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Oppenheimer raised their price objective on shares of Cboe Global Markets from $237.00 to $249.00 and gave the stock an "outperform" rating in a research note on Monday, May 5th. Bank of America restated a "neutral" rating and issued a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Cowen restated a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, UBS Group raised their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a research note 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, Cboe Global Markets presently has an average rating of "Hold" and a consensus price target of $219.64.

About Cboe Global Markets

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.