Cboe Global Markets, Inc. $CBOE Stock Sold by Ritholtz Wealth Management

Ritholtz Wealth Management decreased its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 16.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,615 shares of the company’s stock after selling 1,662 shares during the quarter. Ritholtz Wealth Management’s holdings in Cboe Global Markets were worth $2,372,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Jones Financial Companies Lllp acquired a new stake in Cboe Global Markets in the second quarter worth about $25,000. Keating Financial Advisory Services Inc. bought a new position in Cboe Global Markets in the 2nd quarter valued at about $26,000. Clearstead Trust LLC bought a new position in Cboe Global Markets in the 2nd quarter valued at about $27,000. Rosenberg Matthew Hamilton grew its position in Cboe Global Markets by 11,300.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new position in Cboe Global Markets during the 1st quarter valued at about $36,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on CBOE. TD Cowen boosted their price target on shares of Cboe Global Markets from $342.00 to $417.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Deutsche Bank reaffirmed a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Wells Fargo & Company increased their price objective on shares of Cboe Global Markets from $309.00 to $357.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 4th. Finally, Loop Capital set a $332.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, October 28th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $363.00.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock traded up $6.53 during trading on Friday, hitting $375.42. The stock had a trading volume of 956,216 shares, compared to its average volume of 1,139,884. The business has a fifty day moving average of $305.04 and a two-hundred day moving average of $296.16. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $378.35. The firm has a market cap of $39.82 billion, a P/E ratio of 193.52 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 earnings results on Friday, October 30th. The company reported $3.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.43 by $0.20. The firm had revenue of $712.20 million for the quarter, compared to analyst estimates of $705.22 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.67 earnings per share. On average, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently declared 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. This represents a $3.44 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 30th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Cboe Global Markets declared that its board has authorized a stock buyback plan on Thursday, October 22nd that allows the company to repurchase $550 million in outstanding shares. This buyback authorization allows the company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its stock is undervalued.

Cboe Global Markets 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. 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.