Regal Investment Advisors LLC Increases Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Regal Investment Advisors LLC lifted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 0.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 22,274 shares of the company’s stock after buying an additional 56 shares during the quarter. Regal Investment Advisors LLC’s holdings in Cboe Global Markets were worth $3,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. FinTrust Capital Advisors LLC lifted its position in Cboe Global Markets by 170.0% in 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. acquired a new stake in shares of Cboe Global Markets in the 4th quarter valued at approximately $29,000. ORG Partners LLC purchased a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $30,000. Redmont Wealth Advisors LLC acquired a new position in Cboe Global Markets during the first quarter worth $42,000. Finally, Riverview Trust Co purchased a new position in Cboe Global Markets in the first quarter worth $44,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Keefe, Bruyette & Woods boosted their target price on shares of 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. Barclays upped 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 report on Monday, August 5th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Finally, TD Cowen began coverage on Cboe Global Markets in a research note on Thursday. They issued a “hold” rating and a $205.00 price objective for the company. Nine 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, the company has an average rating of “Hold” and an average target price of $201.62.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $202.60 on Monday. 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 market capitalization of $21.49 billion, a price-to-earnings ratio of 104.43 and a beta of 0.61. The stock has a fifty day moving average of $202.98 and a two-hundred day moving average of $186.38. 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 (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The firm had revenue of $513.80 million during 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 firm’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. On average, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Friday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets announced that its Board of Directors has initiated a stock buyback plan on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Cboe Global Markets

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 shares were sold at an average price of $213.33, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the firm’s 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 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 SEC, which can be accessed through this link. Also, EVP Catherine R. Clay sold 600 shares of the company’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 transaction, the executive vice president now directly 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 90 days, insiders have sold 18,261 shares of company stock valued at $3,604,822. Company insiders own 0.51% of the company’s stock.

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.