Advisors Asset Management Inc. Has $2.47 Million Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Advisors Asset Management Inc. lifted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 9.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,058 shares of the company’s stock after acquiring an additional 1,082 shares during the quarter. Advisors Asset Management Inc.’s holdings in Cboe Global Markets were worth $2,470,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. ORG Partners LLC bought a new position in Cboe Global Markets in the second quarter valued at approximately $30,000. Friedenthal Financial acquired a new stake in shares of Cboe Global Markets in the 3rd quarter valued at approximately $49,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Cboe Global Markets in the second quarter valued at $51,000. GPS Wealth Strategies Group LLC increased its holdings in Cboe Global Markets by 59.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after buying an additional 123 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in Cboe Global Markets during the third quarter worth $74,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CBOE. Barclays decreased their price objective on shares of 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. Piper Sandler boosted their price target on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price objective for the company from $212.00 to $222.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Finally, Oppenheimer lifted their price objective on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $209.42.

Cboe Global Markets Trading Up 1.1 %

Shares of Cboe Global Markets stock opened at $213.26 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a 50-day moving average of $207.83 and a 200-day moving average of $193.99. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The stock has a market cap of $22.62 billion, a PE ratio of 109.93 and a beta of 0.61.

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

Cboe Global Markets Announces Dividend

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

Cboe Global Markets announced that its Board of Directors has authorized a stock repurchase program on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 13.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’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 directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 15.50 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,696 shares of company stock valued at $1,591,160. 0.51% of the stock is owned by corporate insiders.

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.