American Century Companies Inc. Sells 18,438 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

American Century Companies Inc. reduced its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 11.2% during the second quarter, Holdings Channel.com reports. The firm owned 146,719 shares of the company’s stock after selling 18,438 shares during the period. American Century Companies Inc.’s holdings in Cboe Global Markets were worth $24,951,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. FinTrust Capital Advisors LLC increased its stake in shares of Cboe Global Markets by 170.0% in the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after buying an additional 85 shares during the period. Optiver Holding B.V. purchased a new position in shares of Cboe Global Markets in the fourth quarter valued at about $29,000. ORG Partners LLC bought a new position in shares of Cboe Global Markets during the second quarter valued at about $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Cboe Global Markets during the first quarter worth about $42,000. Finally, Riverview Trust Co bought a new stake in shares of Cboe Global Markets in the first quarter worth about $44,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CBOE shares. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Keefe, Bruyette & Woods upped their target price on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Oppenheimer raised their price target on Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays boosted their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $211.22 on Thursday. The company’s fifty day moving average price is $198.86 and its 200-day moving average price is $185.39. The stock has a market cap of $22.40 billion, a PE ratio of 108.88 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, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the previous year, the firm posted $1.78 earnings per share. Cboe Global Markets’s quarterly revenue was up 10.0% on a year-over-year basis. On average, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.63 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.19%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

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

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the sale, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of Cboe Global Markets stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the transaction, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Catherine R. Clay sold 600 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the sale, the executive vice president now owns 4,328 shares in the company, valued at approximately $879,579.44. The disclosure for this sale can be found here. Insiders sold a total of 24,261 shares of company stock valued at $4,654,822 in the last 90 days. Corporate insiders own 0.51% of the company’s stock.

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.