Acadian Asset Management LLC Sells 5,399 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Acadian Asset Management LLC decreased its position in Cboe Global Markets, Inc. (BATS:CBOE) by 59.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,759 shares of the company’s stock after selling 5,399 shares during the period. Acadian Asset Management LLC’s holdings in Cboe Global Markets were worth $638,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of CBOE. Norges Bank purchased a new stake in shares of Cboe Global Markets during the fourth quarter valued at approximately $226,557,000. Tandem Investment Advisors Inc. increased its position in shares of Cboe Global Markets by 4.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock valued at $142,037,000 after purchasing an additional 35,336 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Cboe Global Markets by 66.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after purchasing an additional 246,442 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Cboe Global Markets by 19.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 526,423 shares of the company’s stock worth $93,998,000 after buying an additional 85,433 shares during the last quarter. Finally, TD Asset Management Inc grew its position in Cboe Global Markets by 36.2% during the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after buying an additional 132,833 shares during the period. Institutional investors own 81.73% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on CBOE. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Keefe, Bruyette & Woods lifted their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Oppenheimer boosted their target price on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $199.64.

Insider Buying and Selling

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the sale, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at $9,074,625. The disclosure for this sale can be found here. Insiders sold a total of 24,261 shares of company stock worth $4,654,822 over the last ninety days. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Up 0.5 %

Shares of BATS CBOE opened at $213.68 on Wednesday. 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 company has a market cap of $22.66 billion, a P/E ratio of 110.14 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The business has a 50-day simple moving average of $198.03 and a two-hundred day simple moving average of $185.21.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. The company had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $1.78 earnings per share. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.63 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 annualized dividend and a yield of 1.18%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Cboe Global Markets announced that its board has authorized a share buyback program on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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.