ExodusPoint Capital Management LP Increases Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

ExodusPoint Capital Management LP increased its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 444.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,666 shares of the company's stock after purchasing an additional 78,919 shares during the period. ExodusPoint Capital Management LP owned approximately 0.09% of Cboe Global Markets worth $18,889,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in Cboe Global Markets by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company's stock valued at $2,467,700,000 after purchasing an additional 56,233 shares during the last quarter. Alliancebernstein L.P. grew its position in Cboe Global Markets by 208.4% during the fourth quarter. Alliancebernstein L.P. now owns 7,685,489 shares of the company's stock worth $1,501,745,000 after buying an additional 5,193,339 shares in the last quarter. Geode Capital Management LLC lifted its position in Cboe Global Markets by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,740,937 shares of the company's stock valued at $535,994,000 after purchasing an additional 44,291 shares during the last quarter. Norges Bank bought a new position in Cboe Global Markets in the fourth quarter valued at $269,524,000. Finally, Amundi raised its holdings in shares of Cboe Global Markets by 27.2% during the 4th quarter. Amundi now owns 885,659 shares of the company's stock valued at $170,923,000 after buying an additional 189,280 shares in the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CBOE shares. Jefferies Financial Group dropped their price objective on 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. Oppenheimer cut their price target on shares of Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Loop Capital set a $260.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, April 2nd. The Goldman Sachs Group cut Cboe Global Markets from a "neutral" rating to a "sell" rating and set a $184.00 target price on the stock. in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods lowered their price target on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating for the company in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $219.30.

Insider Buying and Selling

In related 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 transaction 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. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Allen Wilkinson sold 228 shares of the firm's stock in a transaction dated 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 approximately $52,357.76. The trade was a 47.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is owned by insiders.

Cboe Global Markets Stock Performance

CBOE stock traded down $2.32 during trading on Wednesday, reaching $205.81. 2,131,459 shares of the company traded hands, compared to its average volume of 875,004. The company's 50 day moving average price is $212.54. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $234.37. 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 company has a market capitalization of $21.55 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) 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 firm posted $2.06 earnings per share. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets's dividend payout ratio is currently 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.