Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 33.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 568,028 shares of the company’s stock after selling 287,846 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cboe Global Markets were worth $116,372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Landscape Capital Management L.L.C. grew its stake in Cboe Global Markets by 2.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 1,850 shares of the company’s stock valued at $379,000 after purchasing an additional 52 shares during the last quarter. Americana Partners LLC lifted its holdings in shares of Cboe Global Markets by 2.2% during the third quarter. Americana Partners LLC now owns 2,498 shares of the company’s stock worth $512,000 after purchasing an additional 54 shares during the period. Regal Investment Advisors LLC boosted its position in Cboe Global Markets by 0.3% in the second quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock valued at $3,788,000 after buying an additional 56 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in Cboe Global Markets by 9.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock worth $121,000 after buying an additional 63 shares during the period. Finally, Empirical Finance LLC raised its position in Cboe Global Markets by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock worth $748,000 after buying an additional 74 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. The trade was a 15.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This represents a 13.08 % decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent research reports. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $168.00 to $195.00 in a report on Monday, August 5th. Barclays lowered their price target on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and lifted their price objective for the company from $212.00 to $222.00 in a research note on Monday, November 11th. TD Cowen initiated coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price on the stock. Finally, Keefe, Bruyette & Woods lifted their price target on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $209.42.

Cboe Global Markets Stock Up 0.0 %

Cboe Global Markets stock opened at $213.29 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $22.62 billion, a PE ratio of 109.94 and a beta of 0.61. The business has a 50 day simple moving average of $207.83 and a 200-day simple moving average of $194.27. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. The firm had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.06 EPS. On average, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets announced that its board has approved 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 reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend 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.