Strategy Asset Managers LLC Increases Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

Strategy Asset Managers LLC grew its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 41.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,898 shares of the company’s stock after acquiring an additional 1,722 shares during the period. Strategy Asset Managers LLC’s holdings in Cboe Global Markets were worth $1,003,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in CBOE. Accuvest Global Advisors acquired a new position in Cboe Global Markets in the 4th quarter valued at about $345,000. Hilltop Holdings Inc. increased its stake in Cboe Global Markets by 1.8% during the 4th quarter. Hilltop Holdings Inc. now owns 16,715 shares of the company’s stock worth $2,985,000 after buying an additional 298 shares during the period. Nordea Investment Management AB increased its stake in Cboe Global Markets by 15.2% during the 1st quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock worth $76,935,000 after buying an additional 55,859 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Cboe Global Markets by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 847,186 shares of the company’s stock worth $151,274,000 after buying an additional 16,224 shares in the last quarter. Finally, Cim LLC purchased a new position in Cboe Global Markets in the 4th quarter valued at approximately $1,138,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 3.6 %

Shares of BATS:CBOE traded up $7.44 during trading on Wednesday, hitting $212.84. 1,094,440 shares of the company were exchanged, compared to its average volume of 636,231. The firm’s 50 day moving average price is $189.79 and its 200-day moving average price is $183.91. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. 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 $22.57 billion, a P/E ratio of 109.20 and a beta of 0.61.

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

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, August 30th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Cboe Global Markets announced that its board has approved a stock repurchase plan on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CBOE. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Barclays increased their price target on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Oppenheimer raised their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $199.64.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares in the company, valued at $879,579.44. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,639 shares of company stock worth $3,079,461. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets 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.