B. Metzler seel. Sohn & Co. Holding AG Takes $539,000 Position in Cboe Global Markets, Inc. (BATS:CBOE)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the third quarter, HoldingsChannel.com reports. The institutional investor acquired 2,630 shares of the company’s stock, valued at approximately $539,000.

Several other hedge funds have also recently bought and sold shares of CBOE. ORG Partners LLC bought a new position in shares of Cboe Global Markets in the second quarter valued at approximately $30,000. Friedenthal Financial bought a new position in Cboe Global Markets during the 3rd quarter valued at $49,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Cboe Global Markets during the 2nd quarter valued at $51,000. GPS Wealth Strategies Group LLC raised its stake in shares of Cboe Global Markets by 59.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after buying an additional 123 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in shares of Cboe Global Markets in the third quarter valued at $74,000. 81.73% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. The trade was a 15.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. This trade represents a 13.08 % decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on CBOE. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. TD Cowen started coverage on Cboe Global Markets in a report on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price on the stock. Piper Sandler boosted their target price on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and lifted their price target for the stock from $212.00 to $222.00 in a research note on Monday, November 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $209.42.

Cboe Global Markets Price Performance

BATS:CBOE opened at $213.26 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $22.62 billion, a PE ratio of 109.93 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The company’s 50-day moving average price is $207.83 and its two-hundred day moving average price is $194.05.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 million. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The business’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets announced that its board has initiated a stock buyback plan on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

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

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.