Arrowstreet Capital Limited Partnership Acquires 218,865 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Arrowstreet Capital Limited Partnership increased its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 270.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 299,690 shares of the company’s stock after purchasing an additional 218,865 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Cboe Global Markets were worth $58,559,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CBOE. JPMorgan Chase & Co. boosted its position in Cboe Global Markets by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 471,581 shares of the company’s stock valued at $96,613,000 after acquiring an additional 24,177 shares in the last quarter. Oak Harvest Investment Services purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth $977,000. Forge First Asset Management Inc. bought a new stake in Cboe Global Markets during the fourth quarter valued at about $8,461,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Cboe Global Markets by 40.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,180 shares of the company’s stock valued at $4,750,000 after purchasing an additional 6,943 shares during the last quarter. Finally, Brentview Investment Management LLC bought a new position in Cboe Global Markets in the fourth quarter worth about $3,278,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group downgraded shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price objective on the stock. in a research report on Monday, January 6th. William Blair initiated coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating on the stock. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Barclays boosted their target price on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $225.04 on Wednesday. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $227.22. The firm has a market capitalization of $23.56 billion, a price-to-earnings ratio of 31.17, a PEG ratio of 1.75 and a beta of 0.67. The company has a 50-day moving average price of $210.98.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) 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 quarter in the previous year, the business earned $2.06 EPS. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s payout ratio is 34.90%.

Insiders Place Their Bets

In related news, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Allen Wilkinson sold 228 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were 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 disclosure for this sale can be found here. In the last three months, insiders have sold 11,544 shares of company stock valued at $2,380,529. Company insiders own 0.22% of the company’s stock.

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.