CX Institutional Increases Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

CX Institutional increased its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 7.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,661 shares of the company’s stock after buying an additional 381 shares during the period. CX Institutional’s holdings in Cboe Global Markets were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. raised its stake in Cboe Global Markets by 55.7% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 3,808 shares of the company’s stock valued at $680,000 after purchasing an additional 1,362 shares during the last quarter. GAMMA Investing LLC raised its stake in Cboe Global Markets by 18.0% in the 1st quarter. GAMMA Investing LLC now owns 957 shares of the company’s stock valued at $176,000 after purchasing an additional 146 shares during the last quarter. Czech National Bank raised its stake in Cboe Global Markets by 0.5% in the 1st quarter. Czech National Bank now owns 18,572 shares of the company’s stock valued at $3,412,000 after purchasing an additional 85 shares during the last quarter. Banque Cantonale Vaudoise raised its stake in Cboe Global Markets by 2,226.8% in the 1st quarter. Banque Cantonale Vaudoise now owns 21,407 shares of the company’s stock valued at $3,933,000 after purchasing an additional 20,487 shares during the last quarter. Finally, Park Avenue Securities LLC raised its stake in Cboe Global Markets by 19.4% in the 1st quarter. Park Avenue Securities LLC now owns 6,250 shares of the company’s stock valued at $1,148,000 after purchasing an additional 1,017 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

BATS CBOE opened at $210.45 on Thursday. The stock has a market cap of $22.32 billion, a PE ratio of 108.48 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. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00. The stock has a fifty day simple moving average of $207.91 and a 200-day simple moving average of $188.74.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. During the same period last year, the business posted $1.78 EPS. Cboe Global Markets’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets declared that its Board of Directors has initiated a stock repurchase plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several recent research reports. Oppenheimer increased their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday. TD Cowen began coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price for the company. Keefe, Bruyette & Woods raised their target price on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $208.75.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the transaction, the executive vice president now directly owns 15,073 shares in the company, valued at $2,813,676.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Dave Howson sold 2,500 shares of Cboe Global Markets stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the transaction, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,261 shares of company stock worth $3,604,822 in the last three months. 0.51% of the stock is owned by company insiders.

About Cboe Global Markets

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.