Edgestream Partners L.P. Decreases Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Edgestream Partners L.P. lessened its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 80.0% in the 2nd quarter, HoldingsChannel reports. The fund owned 2,451 shares of the company’s stock after selling 9,776 shares during the period. Edgestream Partners L.P.’s holdings in Cboe Global Markets were worth $417,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Accuvest Global Advisors purchased a new stake in Cboe Global Markets during the fourth quarter worth approximately $345,000. Hilltop Holdings Inc. lifted its position in shares of Cboe Global Markets by 1.8% during the 4th quarter. Hilltop Holdings Inc. now owns 16,715 shares of the company’s stock worth $2,985,000 after buying an additional 298 shares during the last quarter. National Bank of Canada FI boosted its holdings in shares of Cboe Global Markets by 18.4% in the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock valued at $6,026,000 after buying an additional 5,458 shares in the last quarter. Nordea Investment Management AB grew its position in shares of Cboe Global Markets by 15.2% in the 1st quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock valued at $76,935,000 after buying an additional 55,859 shares during the last quarter. Finally, Cim LLC purchased a new position in shares of Cboe Global Markets in the 4th quarter valued at $1,138,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CBOE has been the subject of several research analyst reports. Piper Sandler restated an “overweight” rating and issued a $210.00 price objective (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Barclays upped their target price on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $168.00 to $195.00 in a report on Monday, August 5th. Finally, Oppenheimer lifted their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $199.64.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 2,392 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $188.22, for a total transaction of $450,222.24. Following the sale, the executive vice president now directly owns 12,681 shares in the company, valued at approximately $2,386,817.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dave Howson sold 2,392 shares of the business’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $188.22, for a total value of $450,222.24. Following the sale, the executive vice president now owns 12,681 shares in the company, valued at $2,386,817.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,261 shares of company stock worth $3,604,822. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Up 0.6 %

Shares of Cboe Global Markets stock opened at $208.21 on Monday. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The company has a market cap of $22.08 billion, a P/E ratio of 107.33 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a fifty day moving average of $200.35 and a two-hundred day moving average of $185.64.

Cboe Global Markets (BATS:CBOE) last announced 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. 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 during the quarter, compared to the consensus estimate of $514.51 million. During the same quarter last year, the firm earned $1.78 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current 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 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 was Friday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets announced that its board has approved a stock repurchase program on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are 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.