Cboe Global Markets, Inc. (BATS:CBOE) Shares Bought by Quest Partners LLC

Quest Partners LLC lifted its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 46.6% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,822 shares of the company’s stock after purchasing an additional 4,393 shares during the quarter. Quest Partners LLC’s holdings in Cboe Global Markets were worth $2,351,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. M&T Bank Corp boosted its stake in Cboe Global Markets by 6.4% during the fourth quarter. M&T Bank Corp now owns 3,102 shares of the company’s stock valued at $554,000 after buying an additional 187 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of Cboe Global Markets by 28.2% in the 4th quarter. Private Advisor Group LLC now owns 2,721 shares of the company’s stock valued at $486,000 after acquiring an additional 598 shares in the last quarter. Principal Securities Inc. acquired a new position in Cboe Global Markets in the 4th quarter worth approximately $401,000. Teacher Retirement System of Texas boosted its stake in Cboe Global Markets by 17.8% in the 4th quarter. Teacher Retirement System of Texas now owns 66,879 shares of the company’s stock worth $11,942,000 after purchasing an additional 10,114 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Cboe Global Markets by 35.4% during the 4th quarter. BNP Paribas Financial Markets now owns 142,637 shares of the company’s stock worth $25,469,000 after purchasing an additional 37,302 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The disclosure for this sale can be found here. Insiders sold 24,261 shares of company stock valued at $4,654,822 over the last 90 days. 0.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CBOE shares. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their target price on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Oppenheimer increased their price target on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Stock Performance

CBOE stock opened at $211.15 on Monday. The firm has a 50 day moving average of $192.23 and a two-hundred day moving average of $184.36. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The company has a market capitalization of $22.39 billion, a price-to-earnings ratio of 108.84 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

Cboe Global Markets announced that its Board of Directors has initiated a stock repurchase program on Friday, August 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.63 dividend. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 30th. Cboe Global Markets’s payout ratio is 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.