Wealth Enhancement Advisory Services LLC Has $4.74 Million Position in Cboe Global Markets, Inc. (BATS:CBOE)

Wealth Enhancement Advisory Services LLC raised its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 483.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,145 shares of the company’s stock after buying an additional 19,175 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Cboe Global Markets were worth $4,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FinTrust Capital Advisors LLC increased 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 valued at $25,000 after purchasing an additional 85 shares during the period. ORG Partners LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $30,000. Friedenthal Financial acquired a new stake in Cboe Global Markets during the third quarter worth approximately $49,000. Ashton Thomas Private Wealth LLC bought a new stake in Cboe Global Markets in the second quarter worth approximately $51,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in Cboe Global Markets by 59.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at $879,579.44. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were 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 owns 8,844 shares in the company, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Catherine R. Clay sold 600 shares of the business’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 transaction, the executive vice president now owns 4,328 shares in the company, valued at approximately $879,579.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,296 shares of company stock worth $1,713,098. 0.51% of the stock is owned by company insiders.

Cboe Global Markets Price Performance

CBOE opened at $213.34 on Friday. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $22.63 billion, a price-to-earnings ratio of 109.97 and a beta of 0.61. The firm’s fifty day moving average price is $209.63 and its two-hundred day moving average price is $191.13.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same period in the prior year, the firm posted $1.78 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, 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 has approved a stock repurchase plan on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s payout ratio is 98.97%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CBOE shares. Deutsche Bank Aktiengesellschaft lifted 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 upped their price objective on shares of Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a report on Monday, October 7th. TD Cowen assumed coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price for the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research note on Friday, October 4th. Finally, Oppenheimer raised their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $208.75.

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.