Massachusetts Financial Services Co. MA Has $290.75 Million Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Massachusetts Financial Services Co. MA lifted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 0.1% in the third quarter, HoldingsChannel reports. The firm owned 1,419,202 shares of the company’s stock after purchasing an additional 859 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Cboe Global Markets were worth $290,752,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. ORG Partners LLC purchased a new stake in shares of Cboe Global Markets in the 2nd quarter valued at approximately $30,000. Friedenthal Financial purchased a new position in shares of Cboe Global Markets during the third quarter valued at $49,000. Ashton Thomas Private Wealth LLC acquired a new position in Cboe Global Markets during the second quarter valued at $51,000. GPS Wealth Strategies Group LLC boosted its position in Cboe Global Markets by 59.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after acquiring an additional 123 shares during the period. Finally, Intact Investment Management Inc. acquired a new stake in Cboe Global Markets during the 3rd quarter worth about $74,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Up 1.1 %

Shares of Cboe Global Markets stock opened at $213.36 on Friday. The company has a market capitalization of $22.63 billion, a P/E ratio of 109.98 and a beta of 0.61. 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 business has a 50-day moving average of $207.83 and a two-hundred day moving average of $193.93. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.19 by $0.03. The business 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 was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.06 EPS. As a group, equities analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio is 98.97%.

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.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Morgan Stanley lowered shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target for the company. in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their target price for the stock from $212.00 to $222.00 in a research report on Monday, November 11th. Keefe, Bruyette & Woods upped 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 research note on Monday, August 5th. Barclays reduced their price objective on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, TD Cowen began coverage on Cboe Global Markets in a research report on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $209.42.

Insider Activity

In related news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the sale, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. This trade represents a 13.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The trade was a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,696 shares of company stock worth $1,591,160 in the last quarter. Corporate 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.