Marshall Wace LLP Buys 402,547 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Marshall Wace LLP grew its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 306.6% in the second quarter, HoldingsChannel reports. The fund owned 533,839 shares of the company’s stock after acquiring an additional 402,547 shares during the period. Marshall Wace LLP’s holdings in Cboe Global Markets were worth $90,785,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. First Horizon Advisors Inc. increased its position in Cboe Global Markets by 9.7% in the second quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock worth $121,000 after purchasing an additional 63 shares during the period. Marion Wealth Management raised its stake in shares of Cboe Global Markets by 0.7% during the first quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock worth $1,895,000 after buying an additional 76 shares during the last quarter. Kendall Capital Management lifted its holdings in Cboe Global Markets by 0.9% in the second quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after buying an additional 80 shares during the period. Motley Fool Asset Management LLC boosted its stake in Cboe Global Markets by 4.3% in the first quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock valued at $371,000 after acquiring an additional 83 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in Cboe Global Markets by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock worth $4,468,000 after acquiring an additional 84 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CBOE shares. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their target price on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods increased 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 research report 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 report on Monday, August 5th. Finally, JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $199.64.

Insider Transactions at Cboe Global Markets

In related 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 completion of the transaction, the executive vice president now owns 4,328 shares of the company’s stock, valued at $879,579.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Jill Griebenow sold 1,622 shares of the company’s 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 sale, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 4,328 shares of the company’s stock, valued at $879,579.44. The disclosure for this sale can be found here. Insiders have sold a total of 18,261 shares of company stock valued at $3,604,822 over the last 90 days. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $207.09 on Wednesday. The company has a fifty day moving average price of $201.77 and a 200 day moving average price of $185.96. The firm has a market cap of $21.96 billion, a PE ratio of 106.75 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 1-year low of $103.82 and a 1-year high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. During the same period in the prior year, the firm earned $1.78 earnings per share. Cboe Global Markets’s revenue for the quarter was up 10.0% compared to the same quarter last year. Research analysts predict 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. Stockholders of record on Friday, August 30th were issued a $0.63 dividend. The ex-dividend date was Friday, August 30th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.22%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets declared that its board has authorized a stock repurchase plan on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

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.