Horizon Kinetics Asset Management LLC Purchases 13,425 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Horizon Kinetics Asset Management LLC grew its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 3.3% in the third quarter, Holdings Channel.com reports. The firm owned 417,664 shares of the company’s stock after purchasing an additional 13,425 shares during the period. Cboe Global Markets comprises approximately 1.3% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Horizon Kinetics Asset Management LLC’s holdings in Cboe Global Markets were worth $85,567,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Tandem Investment Advisors Inc. increased its position in Cboe Global Markets by 4.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock worth $142,037,000 after purchasing an additional 35,336 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Cboe Global Markets by 8.4% in the third quarter. Los Angeles Capital Management LLC now owns 668,834 shares of the company’s stock worth $137,024,000 after buying an additional 51,793 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Cboe Global Markets by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock worth $96,367,000 after buying an additional 55,876 shares during the last quarter. Marshall Wace LLP raised its position in Cboe Global Markets by 306.6% during the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after acquiring an additional 402,547 shares in the last quarter. Finally, TD Asset Management Inc lifted its stake in Cboe Global Markets by 36.2% in the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after acquiring an additional 132,833 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CBOE. Oppenheimer raised their price target on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. 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. Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and upped their price target for the stock from $212.00 to $222.00 in a research note on Monday, November 11th. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a report on Monday, November 4th. Finally, Barclays lowered their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One equities research 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.com, the company has a consensus rating of “Hold” and an average target price of $209.42.

Insiders Place Their Bets

In other news, CFO Jill Griebenow sold 1,622 shares of the company’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 transaction of $346,021.26. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’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 sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This represents a 13.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $213.26 on Monday. The business has a 50 day simple moving average of $207.83 and a 200 day simple moving average of $194.05. 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 company has a market capitalization of $22.62 billion, a PE ratio of 109.93 and a beta of 0.61. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00.

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

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 yield of 1.18%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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

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.