APG Asset Management N.V. Cuts Position in Cboe Global Markets, Inc. (BATS:CBOE)

APG Asset Management N.V. reduced its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 44.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,083 shares of the company’s stock after selling 191,705 shares during the period. APG Asset Management N.V. owned about 0.22% of Cboe Global Markets worth $37,778,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Tandem Investment Advisors Inc. increased its stake in Cboe Global Markets by 4.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock worth $142,037,000 after buying an additional 35,336 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Cboe Global Markets by 66.5% during the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after acquiring an additional 246,442 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cboe Global Markets by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock valued at $96,367,000 after purchasing an additional 55,876 shares during the period. Marshall Wace LLP grew its stake in Cboe Global Markets by 306.6% during the 2nd quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock worth $90,785,000 after purchasing an additional 402,547 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Cboe Global Markets by 19.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 526,423 shares of the company’s stock worth $93,998,000 after purchasing an additional 85,433 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Trading Down 1.4 %

CBOE opened at $202.63 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The business’s 50 day moving average is $202.98 and its two-hundred day moving average is $186.33. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of 104.45 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, August 2nd. The company reported $2.15 EPS 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 analysts’ expectations of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 EPS. On average, research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets announced that its board has approved 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 repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.24%. 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 dividend payout ratio is presently 98.97%.

Insider Transactions at Cboe Global Markets

In related news, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the transaction, the executive vice president now owns 15,073 shares in the company, valued at approximately $2,813,676.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Dave Howson sold 2,500 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the sale, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,261 shares of company stock worth $3,604,822. Company insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Royal Bank of Canada assumed coverage on shares of Cboe Global Markets in a research report on Friday. They issued a “sector perform” rating and a $220.00 price objective on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price objective (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $201.62.

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.