Cboe Global Markets, Inc. $CBOE Stock Holdings Boosted by Wedbush Securities Inc.

Wedbush Securities Inc. increased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 1,005.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,210 shares of the company’s stock after buying an additional 28,387 shares during the period. Wedbush Securities Inc.’s holdings in Cboe Global Markets were worth $8,592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $2,474,799,000. Deutsche Bank AG bought a new position in Cboe Global Markets during the second quarter valued at $491,465,000. Jupiter Topco LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter valued at approximately $304,917,000. Legal & General Group Plc bought a new stake in Cboe Global Markets in the second quarter worth about $175,870,000. Finally, Bank of America Corp DE bought a new position in shares of Cboe Global Markets in the second quarter worth about $162,794,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Up 3.9%

Cboe Global Markets stock traded up $12.70 during mid-day trading on Friday, reaching $340.42. 1,864,590 shares of the company were exchanged, compared to its average volume of 1,133,320. 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 market cap of $36.11 billion, a P/E ratio of 175.48 and a beta of 0.61. The business has a fifty day moving average of $291.19 and a 200 day moving average of $294.65. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. The business had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business posted $2.46 EPS. Research analysts anticipate 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 approved a share buyback plan on Thursday, October 22nd that permits the company to repurchase $550.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 1.6% of its shares through open market purchases. Share buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be issued a $0.86 dividend. The ex-dividend date is Monday, November 30th. This represents a $3.44 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets’s payout ratio is currently 98.97%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. TD Cowen raised their price objective on Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Barclays dropped their price target on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Piper Sandler decreased their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Finally, Loop Capital set a $343.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 7th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $330.27.

About Cboe Global Markets

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.