Brevan Howard Capital Management LP Has $295,000 Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Brevan Howard Capital Management LP cut its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 79.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,509 shares of the company’s stock after selling 5,852 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Cboe Global Markets were worth $295,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CBOE. Barclays PLC increased its stake in Cboe Global Markets by 27.9% in the third quarter. Barclays PLC now owns 535,284 shares of the company’s stock valued at $109,662,000 after acquiring an additional 116,852 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Cboe Global Markets by 2.0% in the 3rd quarter. Principal Financial Group Inc. now owns 157,158 shares of the company’s stock valued at $32,197,000 after purchasing an additional 3,155 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Cboe Global Markets by 5.7% in the 4th quarter. Harbor Capital Advisors Inc. now owns 3,134 shares of the company’s stock valued at $612,000 after purchasing an additional 170 shares during the last quarter. Czech National Bank increased its stake in shares of Cboe Global Markets by 6.5% in the 4th quarter. Czech National Bank now owns 22,698 shares of the company’s stock valued at $4,435,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Aprio Wealth Management LLC acquired a new position in shares of Cboe Global Markets during the 4th quarter worth $230,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets 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 completion of the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at approximately $52,357.76. This trade represents a 47.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 8,025 shares in the company, valued at $1,653,230.25. This represents a 57.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,464 shares of company stock valued at $2,363,596. 0.22% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CBOE. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Barclays raised their price target on shares of Cboe Global Markets from $232.00 to $245.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Bank of America reiterated a “neutral” rating and set a $227.00 price objective (down from $260.00) on shares of Cboe Global Markets in a research report 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 report on Monday, May 5th. Finally, Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $223.36.

Cboe Global Markets Trading Up 1.6%

Shares of CBOE opened at $231.71 on Monday. The stock’s 50-day moving average is $217.40. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $236.02. The firm has a market cap of $24.26 billion, a P/E ratio of 32.09, a PEG ratio of 1.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data 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 return on equity of 22.02% and a net margin of 18.64%. During the same quarter in the prior year, the business earned $2.15 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $0.63 dividend. The ex-dividend date is Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.09%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 33.03%.

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.