Cboe Global Markets, Inc. $CBOE Stock Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. increased its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 285,100.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,372 shares of the company’s stock after purchasing an additional 31,361 shares during the period. Cboe Global Markets accounts for 1.0% of Valley National Advisers Inc.’s holdings, making the stock its 27th biggest holding. Valley National Advisers Inc.’s holdings in Cboe Global Markets were worth $8,636,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. BlackRock Inc. bought a new position in Cboe Global Markets in the second quarter worth approximately $2,474,799,000. Deutsche Bank AG bought a new stake in Cboe Global Markets during the 2nd quarter valued at $491,465,000. Jupiter Topco LLC bought a new stake 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 position 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 in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Cboe Global Markets by 2.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock valued at $236,512,000 after acquiring an additional 17,321 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 3.9%

Shares of BATS:CBOE opened at $340.42 on Friday. The business’s 50-day moving average is $291.19 and its 200 day moving average is $294.65. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The firm has a market capitalization of $36.11 billion, a P/E ratio of 175.48 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last released its quarterly 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 analysts’ expectations of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue was up 24.6% compared to the same quarter last year. During the same period last year, the business posted $2.46 earnings per share. On average, research analysts predict 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 authorized a stock repurchase program on Thursday, October 22nd that authorizes the company to buy back $550.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.6% of its stock through open market purchases. Share buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Cboe Global Markets Announces Dividend

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

Insider Activity

In related news, Director Janet Froetscher sold 937 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the SEC, 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 company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CBOE shares. Wells Fargo & Company lifted their price objective on shares of Cboe Global Markets from $301.00 to $309.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. TD Cowen boosted their price objective on shares of Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Barclays decreased their target price on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. Piper Sandler lowered their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Finally, Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price 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.