Cboe Global Markets, Inc. $CBOE Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 31.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,777,633 shares of the company’s stock after selling 3,076,938 shares during the quarter. Alliancebernstein L.P. owned 6.48% of Cboe Global Markets worth $1,662,214,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Cboe Global Markets during the 2nd quarter worth $324,234,000. First Trust Advisors LP grew its stake in shares of Cboe Global Markets by 215.2% during the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after purchasing an additional 991,209 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of Cboe Global Markets by 1,340.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after purchasing an additional 697,600 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Cboe Global Markets in the 3rd quarter valued at about $107,052,000. Finally, Invesco Ltd. lifted its stake in shares of Cboe Global Markets by 27.3% in the second quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock valued at $402,990,000 after purchasing an additional 370,223 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Transactions at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 248 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total transaction of $72,611.92. Following the sale, the chief accounting officer owned 410 shares in the company, valued at $120,043.90. This trade represents a 37.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Matturri, Jr. sold 1,500 shares of Cboe Global Markets stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the sale, the director directly owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. This represents a 23.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,695 shares of company stock worth $1,628,981 over the last quarter. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $289.90 on Friday. The firm has a 50 day simple moving average of $277.70 and a 200-day simple moving average of $256.90. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market cap of $30.75 billion, a PE ratio of 149.43 and a beta of 0.61. Cboe Global Markets, Inc. has a 1-year low of $200.88 and a 1-year high of $305.68.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.93 by $0.13. The firm had revenue of $671.10 million for the quarter, compared to analyst estimates of $659.59 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. On average, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, February 27th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Analyst Ratings Changes

A number of research firms recently commented on CBOE. Morgan Stanley boosted their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a report on Monday, December 22nd. Loop Capital set a $317.00 price target on shares of Cboe Global Markets in a research report on Monday, February 9th. Royal Bank Of Canada reissued a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. Piper Sandler upped their price target on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Finally, Argus raised Cboe Global Markets to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $279.00.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.