AQR Capital Management LLC Has $128.23 Million Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

AQR Capital Management LLC lessened its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 5.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 754,044 shares of the company’s stock after selling 47,150 shares during the period. AQR Capital Management LLC owned about 0.71% of Cboe Global Markets worth $128,233,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC increased its position 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 acquiring an additional 85 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Cboe Global Markets during the 4th quarter valued at $29,000. ORG Partners LLC purchased a new stake in shares of Cboe Global Markets in the second quarter valued at $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Cboe Global Markets in the first quarter worth $42,000. Finally, Riverview Trust Co purchased a new position in shares of Cboe Global Markets during the first quarter valued at $44,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

BATS CBOE opened at $204.21 on Friday. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The stock’s 50-day moving average is $202.63 and its two-hundred day moving average is $186.20. The firm has a market cap of $21.66 billion, a P/E ratio of 105.26 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data 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. The business had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $1.78 EPS. On average, analysts anticipate 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 approved a share buyback plan on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board 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 given a dividend of $0.63 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.23%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following 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 Securities & Exchange Commission, which is available at the SEC website. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets 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 transaction, 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 document filed with the SEC, which is accessible through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $8,165,890.95. The disclosure for this sale can be found here. Insiders sold 18,261 shares of company stock worth $3,604,822 over the last ninety days. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

CBOE has been the subject of several research analyst reports. Barclays increased their price objective on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. TD Cowen began coverage on shares of Cboe Global Markets in a report on Thursday. They set a “hold” rating and a $205.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer increased their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Keefe, Bruyette & Woods boosted 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 report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $200.08.

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.