Schonfeld Strategic Advisors LLC Reduces Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Schonfeld Strategic Advisors LLC trimmed its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 33.2% during the fourth quarter, Holdings Channel reports. The firm owned 21,200 shares of the company’s stock after selling 10,523 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in Cboe Global Markets were worth $4,142,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CBOE. Alliancebernstein L.P. lifted its holdings 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 in the last quarter. Norges Bank acquired a new stake in shares of Cboe Global Markets during the fourth quarter valued at $269,524,000. Raymond James Financial Inc. purchased a new stake in Cboe Global Markets during the 4th quarter worth about $59,206,000. First Trust Advisors LP raised its stake in Cboe Global Markets by 756.0% in the 4th quarter. First Trust Advisors LP now owns 298,450 shares of the company’s stock valued at $58,317,000 after purchasing an additional 263,585 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Cboe Global Markets by 270.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company’s stock valued at $58,559,000 after purchasing an additional 218,865 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CBOE. Bank of America reaffirmed a “neutral” rating and issued a $227.00 target price (down from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Loop Capital set a $260.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods cut their price objective on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Jefferies Financial Group lowered their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a research note on Thursday, January 9th. Finally, William Blair initiated coverage on Cboe Global Markets in a research report on Thursday, January 9th. They issued a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $220.10.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the transaction, the executive vice president now owns 8,025 shares of the company’s stock, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction on 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 in the company, valued at $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. 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.

Cboe Global Markets Stock Performance

CBOE stock opened at $226.39 on Friday. The firm has a market capitalization of $23.70 billion, a price-to-earnings ratio of 31.36, a P/E/G 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. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $234.37. The company has a 50-day moving average of $215.22.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the business posted $2.15 earnings per share. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. On average, equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s payout ratio 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.