Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 208.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 7,685,489 shares of the company’s stock after purchasing an additional 5,193,339 shares during the period. Alliancebernstein L.P. owned approximately 0.07% of Cboe Global Markets worth $1,501,745,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Lee Danner & Bass Inc. purchased a new stake in Cboe Global Markets during the fourth quarter valued at about $29,000. Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth about $31,000. Sugar Maple Asset Management LLC acquired a new stake in Cboe Global Markets during the 4th quarter worth approximately $36,000. Generali Asset Management SPA SGR purchased a new position in Cboe Global Markets in the fourth quarter valued at approximately $37,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in Cboe Global Markets during the fourth quarter valued at approximately $39,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, CAO Allen Wilkinson sold 228 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,544 shares of company stock worth $2,380,529. Insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CBOE. Jefferies Financial Group cut their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a research note on Thursday, January 9th. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. William Blair initiated coverage on Cboe Global Markets in a research report on Thursday, January 9th. They issued a “market perform” rating for the company. Barclays boosted their price target on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Finally, Oppenheimer lowered their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Stock Up 1.1 %

Shares of NASDAQ CBOE opened at $222.68 on Monday. 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 stock has a 50-day simple moving average of $209.79. Cboe Global Markets, Inc. has a 52-week low of $166.13 and a 52-week high of $223.51. The company has a market capitalization of $23.32 billion, a PE ratio of 30.84, a P/E/G ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period last year, the firm earned $2.06 EPS. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

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.