XTX Topco Ltd Makes New $1.36 Million Investment in Cboe Global Markets, Inc. (BATS:CBOE)

XTX Topco Ltd purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 7,992 shares of the company’s stock, valued at approximately $1,359,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Perpetual Ltd acquired a new position in Cboe Global Markets in the first quarter valued at about $74,868,000. Allianz Asset Management GmbH increased its holdings in Cboe Global Markets by 439.5% during the 4th quarter. Allianz Asset Management GmbH now owns 317,631 shares of the company’s stock valued at $56,716,000 after purchasing an additional 258,753 shares in the last quarter. Los Angeles Capital Management LLC raised its position in Cboe Global Markets by 66.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after purchasing an additional 246,442 shares during the last quarter. TD Asset Management Inc boosted its stake in Cboe Global Markets by 36.2% in the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after purchasing an additional 132,833 shares in the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in shares of Cboe Global Markets by 152.3% during the first quarter. Bahl & Gaynor Inc. now owns 176,694 shares of the company’s stock worth $32,464,000 after purchasing an additional 106,666 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related 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 transaction of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $121,938.00. Following the completion of the transaction, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The disclosure for this sale can be found here. Insiders have sold 18,261 shares of company stock valued at $3,604,822 in the last 90 days. 0.51% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Oppenheimer increased their price objective on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted 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, Barclays boosted their price objective on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Trading Up 0.2 %

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

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm 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. The business’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets declared that its board has authorized a stock 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 reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders 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 yield of 1.21%. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is 98.97%.

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.