Sei Investments Co. Grows Position in Cboe Global Markets, Inc. (BATS:CBOE)

Sei Investments Co. boosted its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 12.4% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 111,827 shares of the company’s stock after buying an additional 12,337 shares during the quarter. Sei Investments Co. owned 0.11% of Cboe Global Markets worth $19,016,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. FinTrust Capital Advisors LLC lifted its position in Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 85 shares during the period. Optiver Holding B.V. purchased a new position in shares of Cboe Global Markets in the 4th quarter worth $29,000. ORG Partners LLC bought a new stake in shares of Cboe Global Markets in the second quarter worth $30,000. Redmont Wealth Advisors LLC bought a new stake in shares of Cboe Global Markets in the first quarter worth $42,000. Finally, Riverview Trust Co purchased a new stake in Cboe Global Markets during the first quarter valued at $44,000. Institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

CBOE has been the topic of several research reports. 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 report on Monday, August 5th. Barclays boosted their target price on shares of 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 increased their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price objective 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. Finally, Oppenheimer raised their target price on Cboe Global Markets from $199.00 to $209.00 and gave the stock 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 company’s stock. According to data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $199.64.

Cboe Global Markets Stock Down 1.8 %

CBOE opened at $202.99 on Thursday. 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 quick ratio of 1.21 and a current ratio of 1.21. The stock has a market cap of $21.53 billion, a price-to-earnings ratio of 104.63 and a beta of 0.61. The firm’s fifty day moving average is $202.23 and its 200 day moving average is $186.08.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the prior year, the company posted $1.78 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed 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 is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets announced that its Board of Directors has authorized 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 reacquire up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the transaction, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets 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 sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’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 in the company, valued at $8,165,890.95. The disclosure for this sale can be found here. Insiders have sold a total of 18,261 shares of company stock worth $3,604,822 over the last quarter. Insiders own 0.51% of the company’s stock.

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.