Lighthouse Investment Partners LLC Takes Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Lighthouse Investment Partners LLC bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,255 shares of the company’s stock, valued at approximately $2,981,000.

Several other institutional investors and hedge funds have also made changes to their positions in CBOE. Greenline Partners LLC acquired a new stake in Cboe Global Markets in the fourth quarter valued at $29,000. Focus Partners Wealth increased its holdings in shares of Cboe Global Markets by 0.4% in the 4th quarter. Focus Partners Wealth now owns 64,475 shares of the company’s stock worth $12,601,000 after acquiring an additional 259 shares during the period. Ethic Inc. increased its stake in Cboe Global Markets by 11.3% during the 4th quarter. Ethic Inc. now owns 26,346 shares of the company’s stock valued at $5,148,000 after buying an additional 2,684 shares during the period. Clark Capital Management Group Inc. increased its stake in Cboe Global Markets by 34.9% during the 4th quarter. Clark Capital Management Group Inc. now owns 211,940 shares of the company’s stock valued at $41,413,000 after buying an additional 54,825 shares during the period. Finally, Deutsche Bank AG increased its stake in Cboe Global Markets by 28.7% during the 4th quarter. Deutsche Bank AG now owns 608,542 shares of the company’s stock valued at $118,909,000 after buying an additional 135,584 shares during the period. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Down 0.3%

NASDAQ:CBOE opened at $220.38 on Wednesday. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $236.02. The company has a market capitalization of $23.08 billion, a price-to-earnings ratio of 30.52, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a 50 day moving average price of $217.72.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, topping 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 company earned $2.15 EPS. Cboe Global Markets’s revenue was up 12.6% on a year-over-year basis. Research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.14%. Cboe Global Markets’s dividend payout ratio is currently 33.03%.

Insiders Place Their Bets

In other news, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction on 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 owns 1,993 shares in the company, valued at approximately $417,872.31. The trade was a 9.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction dated 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. This represents a 47.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CBOE. Oppenheimer raised their price objective on shares of Cboe Global Markets from $237.00 to $249.00 and gave the company an “outperform” rating in a research report on Monday, May 5th. Piper Sandler raised their target price on shares of Cboe Global Markets from $234.00 to $245.00 and gave the stock an “overweight” rating in a report on Monday, May 5th. Barclays raised their target price on shares of Cboe Global Markets from $232.00 to $245.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. UBS Group raised their price target on shares of Cboe Global Markets from $235.00 to $245.00 and gave the stock a “neutral” rating in a report on Monday, May 5th. Finally, Bank of America restated a “neutral” rating and set a $227.00 price target (down from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $223.36.

About Cboe Global Markets

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.