1,379,345 Shares in Cboe Global Markets, Inc. (NASDAQ:CBOE) Purchased by Norges Bank

Norges Bank acquired a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,379,345 shares of the company’s stock, valued at approximately $269,524,000.

A number of other hedge funds also recently bought and sold shares of CBOE. Erste Asset Management GmbH purchased a new stake in Cboe Global Markets in the 3rd quarter valued at $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cboe Global Markets during the 3rd quarter worth $158,000. Benjamin Edwards Inc. boosted its position in shares of Cboe Global Markets by 5,967.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock valued at $6,203,000 after acquiring an additional 29,778 shares during the last quarter. Coastwise Capital Group LLC purchased a new stake in shares of Cboe Global Markets in the third quarter valued at about $216,000. Finally, Harmony Asset Management LLC acquired a new stake in Cboe Global Markets during the third quarter worth about $15,175,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Insider Activity

In other Cboe Global Markets news, 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 sale, the executive vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. This trade 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 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is currently owned by corporate insiders.

Cboe Global Markets Stock Up 1.1 %

NASDAQ:CBOE opened at $222.68 on Friday. The firm has a market capitalization of $23.32 billion, a P/E ratio of 30.84, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67. 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 52 week low of $166.13 and a 52 week high of $223.51. The stock has a fifty day simple moving average of $209.79.

Cboe Global Markets (NASDAQ:CBOE) last issued 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 return on equity of 22.02% and a net margin of 18.64%. During the same period in the previous year, the company posted $2.06 EPS. On average, analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 34.90%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CBOE shares. William Blair initiated coverage on Cboe Global Markets in a research report on Thursday, January 9th. They issued a “market perform” rating for the company. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research note on Monday, January 6th. Keefe, Bruyette & Woods reduced their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $206.86.

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.