Two Sigma Investments LP Increases Stock Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Two Sigma Investments LP lifted its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 547,024 shares of the company’s stock after buying an additional 45,015 shares during the quarter. Two Sigma Investments LP’s holdings in Cboe Global Markets were worth $106,888,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lee Danner & Bass Inc. purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth about $29,000. Greenline Partners LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth about $29,000. Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth about $31,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth about $36,000. Finally, Generali Asset Management SPA SGR purchased a new stake in shares of Cboe Global Markets in the fourth quarter worth about $37,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE opened at $220.95 on Monday. Cboe Global Markets, Inc. has a one year low of $166.13 and a one year high of $236.02. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company’s 50 day simple moving average is $217.91. The company has a market capitalization of $23.14 billion, a PE ratio of 30.60, a P/E/G ratio of 1.75 and a beta of 0.44.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, May 2nd. The company reported $2.50 EPS 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 in the previous year, the company earned $2.15 EPS. Cboe Global Markets’s revenue for the quarter was up 12.6% compared to the same quarter last year. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

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 given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, May 30th. Cboe Global Markets’s payout ratio is currently 33.03%.

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 that occurred on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares in the company, valued at approximately $52,357.76. This trade represents a 47.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. This represents a 9.12% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CBOE. Oppenheimer raised their target price on shares of Cboe Global Markets from $237.00 to $249.00 and gave the company an “outperform” rating in a research note on Monday, May 5th. Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. 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. UBS Group raised their target price on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a “neutral” rating in a research note on Monday, May 5th. Finally, Morgan Stanley downgraded shares of Cboe Global Markets from an “overweight” rating to an “underweight” rating and lowered their target price for the company from $256.00 to $215.00 in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $219.64.

Cboe Global Markets Company 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.