Soros Fund Management LLC Trims Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Soros Fund Management LLC trimmed its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 63.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 23,588 shares of the company's stock after selling 40,100 shares during the period. Soros Fund Management LLC's holdings in Cboe Global Markets were worth $4,609,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CBOE. Northern Trust Corp increased its stake in shares of Cboe Global Markets by 9.2% during the fourth quarter. Northern Trust Corp now owns 1,242,890 shares of the company's stock worth $242,861,000 after acquiring an additional 104,257 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of Cboe Global Markets during the fourth quarter worth about $439,000. Susquehanna Fundamental Investments LLC acquired a new position in shares of Cboe Global Markets during the fourth quarter worth about $723,000. Gilder Gagnon Howe & Co. LLC increased its stake in shares of Cboe Global Markets by 15.2% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 254,003 shares of the company's stock worth $49,632,000 after acquiring an additional 33,550 shares during the period. Finally, Coldstream Capital Management Inc. increased its stake in shares of Cboe Global Markets by 40.5% during the fourth quarter. Coldstream Capital Management Inc. now owns 1,852 shares of the company's stock worth $362,000 after acquiring an additional 534 shares during the period. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $212.19 on Tuesday. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $234.37. The firm has a market capitalization of $22.22 billion, a P/E ratio of 29.39, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The company's fifty day moving average price is $214.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the company posted $2.06 EPS. Analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Friday, February 28th. Cboe Global Markets's dividend payout ratio is currently 34.90%.

Analysts Set New Price Targets

CBOE has been the topic of several recent analyst reports. JPMorgan Chase & Co. restated an "underweight" rating and set a $174.00 target price (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Barclays upped their target price on Cboe Global Markets from $216.00 to $232.00 and gave the company an "equal weight" rating in a research note on Monday, April 7th. Oppenheimer boosted their price target on Cboe Global Markets from $233.00 to $237.00 and gave the company an "outperform" rating in a research report on Friday, April 11th. Keefe, Bruyette & Woods decreased their target price on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating for the company in a research report on Monday, January 13th. Finally, Morgan Stanley upgraded Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price target on the stock in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $218.80.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Adam Inzirillo sold 200 shares of the business's 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 sale, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now owns 8,025 shares in the company, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock worth $2,380,529 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

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.

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