Hartford Investment Management Co. Sells 137 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Hartford Investment Management Co. reduced its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,622 shares of the company’s stock after selling 137 shares during the period. Hartford Investment Management Co.’s holdings in Cboe Global Markets were worth $1,357,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sunbelt Securities Inc. raised its position in shares of Cboe Global Markets by 165.4% during the first quarter. Sunbelt Securities Inc. now owns 1,587 shares of the company’s stock worth $292,000 after acquiring an additional 989 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Cboe Global Markets by 125.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 8,665 shares of the company’s stock worth $1,592,000 after purchasing an additional 4,824 shares during the period. SteelPeak Wealth LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at $1,737,000. Chapin Davis Inc. acquired a new stake in shares of Cboe Global Markets during the first quarter worth $277,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Cboe Global Markets by 1.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 382,677 shares of the company’s stock worth $70,309,000 after buying an additional 4,700 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 1.0 %

Shares of BATS:CBOE opened at $212.94 on Friday. The business’s 50 day moving average is $209.20 and its 200 day moving average is $190.20. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The stock has a market cap of $22.58 billion, a price-to-earnings ratio of 109.76 and a beta of 0.61. 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 (BATS:CBOE) last posted its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. 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 business posted $1.78 EPS. The business’s 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 declared that its Board of Directors has authorized a stock repurchase plan on Friday, August 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Transactions at Cboe Global Markets

In related news, EVP Dave Howson sold 5,073 shares of Cboe Global Markets stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $192.16, for a total transaction of $974,827.68. Following the sale, the executive vice president now directly owns 7,573 shares in the company, valued at approximately $1,455,227.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Dave Howson sold 5,073 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.16, for a total transaction of $974,827.68. Following the completion of the transaction, the executive vice president now owns 7,573 shares in the company, valued at approximately $1,455,227.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the sale, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 13,369 shares of company stock worth $2,687,925 in the last 90 days. Insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CBOE shares. TD Cowen began coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 price target on the stock. Barclays lifted their target price on Cboe Global Markets from $218.00 to $239.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Piper Sandler increased their price target on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a report on Friday, October 4th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $208.75.

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.