Mutual of America Capital Management LLC Lowers Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Mutual of America Capital Management LLC decreased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 4.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,261 shares of the company’s stock after selling 578 shares during the period. Mutual of America Capital Management LLC’s holdings in Cboe Global Markets were worth $2,255,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC increased its holdings 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 worth about $29,000. ORG Partners LLC purchased a new position in shares of Cboe Global Markets in the second quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new position in shares of Cboe Global Markets in the first quarter worth about $42,000. Finally, Riverview Trust Co purchased a new position in shares of Cboe Global Markets in the first quarter worth about $44,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the sale, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,261 shares of company stock valued at $3,604,822. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $207.09 on Wednesday. The stock’s 50 day simple moving average is $201.77 and its two-hundred day simple moving average is $185.96. 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 stock has a market cap of $21.96 billion, a price-to-earnings ratio of 106.75 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week 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, beating the consensus estimate of $2.10 by $0.05. The business had revenue of $513.80 million for the quarter, compared to analysts’ expectations of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.78 EPS. As a group, 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 of Directors has authorized a share repurchase program 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 stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.22%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s payout ratio is presently 98.97%.

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.