QRG Capital Management Inc. Has $5.62 Million Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

QRG Capital Management Inc. decreased its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 52.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 27,423 shares of the company’s stock after selling 30,834 shares during the period. QRG Capital Management Inc.’s holdings in Cboe Global Markets were worth $5,618,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in CBOE. Intact Investment Management Inc. acquired a new position in Cboe Global Markets during the third quarter valued at approximately $74,000. Forum Financial Management LP raised its stake in shares of Cboe Global Markets by 2,782.2% during the 3rd quarter. Forum Financial Management LP now owns 56,462 shares of the company’s stock worth $11,567,000 after purchasing an additional 54,503 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Cboe Global Markets by 11.0% in the 3rd quarter. Van ECK Associates Corp now owns 18,421 shares of the company’s stock valued at $3,934,000 after buying an additional 1,827 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Cboe Global Markets by 119.9% in the third quarter. Chicago Partners Investment Group LLC now owns 5,389 shares of the company’s stock valued at $1,151,000 after buying an additional 2,938 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in Cboe Global Markets by 11.6% during the third quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock worth $159,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $212.37 on Wednesday. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year 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 firm has a market cap of $22.52 billion, a price-to-earnings ratio of 109.47 and a beta of 0.61. The stock’s fifty day moving average price is $209.57 and its two-hundred day moving average price is $191.79.

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

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

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.19%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Activity 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 on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,696 shares of company stock worth $1,591,160. Company insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CBOE. Piper Sandler increased their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. TD Cowen started coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 price target for the company. Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” 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 raised their price objective for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Finally, Barclays dropped their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $208.58.

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.