Alliancebernstein L.P. Increases Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Alliancebernstein L.P. raised its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 208.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,685,489 shares of the company's stock after acquiring an additional 5,193,339 shares during the period. Alliancebernstein L.P. owned about 7.34% of Cboe Global Markets worth $1,501,745,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CBOE. Barclays increased their price objective on Cboe Global Markets from $212.00 to $216.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. StockNews.com raised shares of Cboe Global Markets from a "sell" rating to a "hold" rating in a report on Tuesday, March 4th. 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 for the company. in a research note on Monday, January 6th. Oppenheimer cut their target price on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Finally, Bank of America upped their price target on Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Two 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $206.86.

Cboe Global Markets Trading Down 1.2 %

NASDAQ:CBOE traded down $2.60 on Friday, reaching $223.20. 759,257 shares of the stock traded hands, compared to its average volume of 808,187. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $23.37 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $234.37. The stock's fifty day moving average is $212.00.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the prior year, the company posted $2.06 EPS. Equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's payout ratio is currently 34.90%.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 8,025 shares in the company, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets 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 transaction, the executive vice president now 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. In the last 90 days, insiders sold 11,544 shares of company stock valued at $2,380,529. 0.22% of the stock is owned by insiders.

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.