Balyasny Asset Management L.P. Has $118.17 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Balyasny Asset Management L.P. reduced its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 37.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 470,775 shares of the company’s stock after selling 278,883 shares during the quarter. Balyasny Asset Management L.P. owned 0.45% of Cboe Global Markets worth $118,165,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CBOE. Andra AP fonden lifted its stake in Cboe Global Markets by 7.9% during the third quarter. Andra AP fonden now owns 124,200 shares of the company’s stock worth $30,460,000 after purchasing an additional 9,100 shares during the last quarter. Nordea Investment Management AB lifted its stake in Cboe Global Markets by 33.5% during the fourth quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock worth $239,625,000 after purchasing an additional 237,887 shares during the last quarter. First Trust Advisors LP lifted its stake in Cboe Global Markets by 215.2% during the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after purchasing an additional 991,209 shares during the last quarter. Aberdeen Group plc lifted its stake in Cboe Global Markets by 9.9% during the third quarter. Aberdeen Group plc now owns 101,779 shares of the company’s stock worth $24,961,000 after purchasing an additional 9,180 shares during the last quarter. Finally, Empirical Asset Management LLC bought a new stake in Cboe Global Markets during the third quarter worth $726,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CBOE shares. Morgan Stanley upped their target price on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. Barclays upped their target price on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. Finally, Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $322.60.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $254.69 on Thursday. The stock has a market cap of $27.01 billion, a P/E ratio of 131.28 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock’s 50-day moving average is $316.51 and its 200-day moving average is $287.56. Cboe Global Markets, Inc. has a 1-year low of $223.54 and a 1-year high of $371.18.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.50 earnings per share. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were issued a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 annualized dividend and a yield of 1.1%. Cboe Global Markets’s payout ratio is presently 98.97%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.