Blair William & Co. IL Cuts Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Blair William & Co. IL cut its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 1.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,474 shares of the company’s stock after selling 691 shares during the quarter. Blair William & Co. IL owned 0.06% of Cboe Global Markets worth $10,114,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC grew its position in Cboe Global Markets by 10.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,098 shares of the company’s stock worth $1,037,000 after buying an additional 574 shares during the period. Argent Trust Co grew its holdings in shares of Cboe Global Markets by 2.9% in the 2nd quarter. Argent Trust Co now owns 5,216 shares of the company’s stock worth $887,000 after acquiring an additional 147 shares during the period. Virtu Financial LLC purchased a new position in Cboe Global Markets in the 2nd quarter valued at approximately $1,165,000. Moors & Cabot Inc. raised its holdings in Cboe Global Markets by 2.7% during the second quarter. Moors & Cabot Inc. now owns 5,686 shares of the company’s stock worth $967,000 after purchasing an additional 150 shares during the last quarter. Finally, Sierra Summit Advisors LLC boosted its position in Cboe Global Markets by 79.0% during the second quarter. Sierra Summit Advisors LLC now owns 53,295 shares of the company’s stock worth $9,063,000 after purchasing an additional 23,514 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the sale, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the transaction, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,261 shares of company stock valued at $3,604,822. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Performance

BATS CBOE opened at $207.44 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $22.00 billion, a PE ratio of 106.93 and a beta of 0.61. The business’s 50-day moving average price is $199.60 and its 200 day moving average price is $185.54. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (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 analysts’ expectations of $514.51 million. During the same period last year, the company earned $1.78 earnings per share. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets declared that its Board of Directors has approved a share buyback program on Friday, August 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.21%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Analyst Ratings Changes

CBOE has been the subject of several research reports. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Barclays raised their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Piper Sandler reissued 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. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Company 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.