Cboe Global Markets, Inc. $CBOE Shares Sold by Vest Financial LLC

Vest Financial LLC cut its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 7.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 20,163 shares of the company’s stock after selling 1,568 shares during the period. Vest Financial LLC’s holdings in Cboe Global Markets were worth $5,551,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in CBOE. BlackRock Inc. acquired a new stake in shares of Cboe Global Markets during the second quarter worth approximately $2,474,799,000. Deutsche Bank AG acquired a new stake in Cboe Global Markets in the second quarter valued at $491,465,000. Jupiter Topco LLC bought a new position in Cboe Global Markets during the 2nd quarter valued at $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cboe Global Markets by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after acquiring an additional 51,784 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in Cboe Global Markets by 2.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock worth $236,512,000 after acquiring an additional 17,321 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Piper Sandler reduced their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Barclays decreased their price target on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research note on Wednesday, October 7th. Finally, The Goldman Sachs Group raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $330.27.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $340.42 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $291.19 and its two-hundred day moving average price is $294.65. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The stock has a market capitalization of $36.11 billion, a P/E ratio of 175.48 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. The company had revenue of $731.60 million during 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%. Cboe Global Markets’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.46 earnings per share. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of $0.86 per share. 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%.

Cboe Global Markets declared that its board has approved a stock repurchase program on Thursday, October 22nd that permits the company to repurchase $550.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 1.6% of its shares through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

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.