Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Hancock Whitney Corp

Hancock Whitney Corp lessened its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,312 shares of the company’s stock after selling 756 shares during the quarter. Cboe Global Markets makes up about 0.7% of Hancock Whitney Corp’s holdings, making the stock its 29th largest position. Hancock Whitney Corp owned 0.10% of Cboe Global Markets worth $21,780,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Independent Advisor Alliance boosted its holdings in shares of Cboe Global Markets by 18.0% in the 3rd quarter. Independent Advisor Alliance now owns 1,544 shares of the company’s stock valued at $316,000 after buying an additional 236 shares in the last quarter. Harvest Fund Management Co. Ltd increased its position in shares of Cboe Global Markets by 295.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,340 shares of the company’s stock worth $273,000 after purchasing an additional 1,001 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Cboe Global Markets by 77.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 22,605 shares of the company’s stock valued at $4,631,000 after purchasing an additional 9,864 shares during the period. Alpha DNA Investment Management LLC grew its stake in Cboe Global Markets by 13.8% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 3,979 shares of the company’s stock worth $815,000 after buying an additional 484 shares during the last quarter. Finally, Swedbank AB increased its position in Cboe Global Markets by 305.2% during the third quarter. Swedbank AB now owns 94,392 shares of the company’s stock worth $19,338,000 after buying an additional 71,097 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $213.26 on Monday. The stock has a fifty day moving average price of $207.83 and a 200 day moving average price of $194.05. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The firm has a market capitalization of $22.62 billion, a P/E ratio of 109.93 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating the consensus estimate 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 business had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. During the same quarter in the prior year, the firm earned $2.06 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets declared that its board has authorized a stock repurchase plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The company also recently disclosed 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 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 currently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following 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 trade represents a 13.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CBOE shares. Barclays decreased their price objective on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Piper Sandler raised their price objective on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the company from $168.00 to $195.00 in a report on Monday, August 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a report on Monday, November 4th. Finally, Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $209.42.

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.