DoubleLine ETF Adviser LP Sells 67 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

DoubleLine ETF Adviser LP cut its position in Cboe Global Markets, Inc. (BATS:CBOE) by 3.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,742 shares of the company’s stock after selling 67 shares during the quarter. DoubleLine ETF Adviser LP’s holdings in Cboe Global Markets were worth $296,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CBOE. FinTrust Capital Advisors LLC boosted its position in Cboe Global Markets by 170.0% during the 1st 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. bought a new stake in shares of Cboe Global Markets in the fourth quarter worth $29,000. ORG Partners LLC acquired a new stake in Cboe Global Markets in the second quarter valued at $30,000. Redmont Wealth Advisors LLC acquired a new stake in Cboe Global Markets in the first quarter valued at $42,000. Finally, Riverview Trust Co acquired a new position in Cboe Global Markets during the 1st quarter worth about $44,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBOE has been the subject of several recent research reports. Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Keefe, Bruyette & Woods raised their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Barclays lifted their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price target for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Eight 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 $200.08.

Cboe Global Markets Stock Up 0.5 %

CBOE stock opened at $204.21 on Friday. The stock’s 50 day simple moving average is $202.63 and its 200 day simple moving average is $186.20. The company 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 quick ratio of 1.21 and a current ratio of 1.21. 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 issued its earnings results 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 company had revenue of $513.80 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. On average, research analysts expect 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. Shareholders of record on Friday, August 30th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.23%. 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. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets announced that its board has initiated a stock buyback program on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Cboe Global Markets 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 transaction of $346,021.26. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dave Howson sold 2,392 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $188.22, for a total value of $450,222.24. Following the completion of the transaction, the executive vice president now owns 12,681 shares in the company, valued at approximately $2,386,817.82. The disclosure for this sale can be found here. Insiders sold 18,261 shares of company stock worth $3,604,822 over the last three months. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Company 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.