AMJ Financial Wealth Management Sells 274 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

AMJ Financial Wealth Management reduced its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,382 shares of the company’s stock after selling 274 shares during the period. AMJ Financial Wealth Management’s holdings in Cboe Global Markets were worth $745,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other news, EVP Dave Howson sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the sale, the executive vice president now owns 15,073 shares in the company, valued at approximately $2,813,676.91. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Dave Howson sold 2,500 shares of Cboe Global Markets stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at approximately $2,813,676.91. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The disclosure for this sale can be found here. Insiders sold a total of 24,261 shares of company stock valued at $4,654,822 over the last ninety days. 0.51% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CBOE. Barclays boosted their price objective 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 shares of 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 report on Monday, August 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 price objective (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Oppenheimer upped their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. 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 note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $199.64.

Cboe Global Markets Stock Up 0.1 %

Shares of BATS CBOE traded up $0.19 during trading hours on Tuesday, hitting $211.34. The company had a trading volume of 752,105 shares, compared to its average volume of 636,231. The firm’s 50 day moving average is $193.03 and its 200-day moving average is $184.47. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The stock has a market capitalization of $22.42 billion, a P/E ratio of 109.01 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 announced its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping 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 firm had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. During the same quarter in the previous year, the business earned $1.78 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. On average, analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

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

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.19%. 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 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.