Man Group plc Boosts Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Man Group plc grew its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 50.9% during the fourth quarter, Holdings Channel reports. The fund owned 372,489 shares of the company’s stock after purchasing an additional 125,610 shares during the period. Man Group plc’s holdings in Cboe Global Markets were worth $72,784,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. OMERS ADMINISTRATION Corp grew its holdings in shares of Cboe Global Markets by 20.3% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 4,418 shares of the company’s stock worth $863,000 after acquiring an additional 746 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Cboe Global Markets by 9.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,436 shares of the company’s stock worth $5,166,000 after acquiring an additional 2,251 shares during the period. Lighthouse Investment Partners LLC purchased a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $2,981,000. Greenline Partners LLC purchased a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $29,000. Finally, Focus Partners Wealth grew its holdings in shares of Cboe Global Markets by 0.4% during 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. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CBOE shares. Morgan Stanley upped their price target on Cboe Global Markets from $235.00 to $256.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. UBS Group upped their price target on Cboe Global Markets from $235.00 to $245.00 and gave the stock a “neutral” rating in a research note on Monday, May 5th. Cowen restated a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Bank of America restated a “neutral” rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Finally, Oppenheimer upped their price target on Cboe Global Markets from $237.00 to $249.00 and gave the stock an “outperform” rating in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $223.36.

Insider Buying and Selling at Cboe Global Markets

In other news, CAO Allen Wilkinson sold 228 shares of the firm’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, the executive vice president now owns 1,993 shares in the company, valued at approximately $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. Company insiders own 0.22% of the company’s stock.

Cboe Global Markets Trading Down 0.3%

Shares of CBOE opened at $220.38 on Wednesday. The company’s fifty day simple moving average is $217.72. 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 12 month low of $166.13 and a 12 month high of $236.02. The stock has a market cap of $23.08 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the prior year, the business posted $2.15 EPS. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently announced 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 of this dividend is Friday, May 30th. This represents a $2.52 annualized dividend and a yield of 1.14%. Cboe Global Markets’s dividend payout ratio is 33.03%.

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.