RiverGlades Family Offices LLC Makes New $391,000 Investment in Cboe Global Markets, Inc. (BATS:CBOE)

RiverGlades Family Offices LLC bought a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 2,300 shares of the company’s stock, valued at approximately $391,000.

Other hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of Cboe Global Markets by 3.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 497,746 shares of the company’s stock valued at $88,875,000 after purchasing an additional 14,784 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Cboe Global Markets by 34.3% in the 4th quarter. Quadrant Capital Group LLC now owns 517 shares of the company’s stock worth $92,000 after acquiring an additional 132 shares during the period. Coldstream Capital Management Inc. bought a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $219,000. Wells Fargo & Company MN raised its holdings in Cboe Global Markets by 6.9% during the fourth quarter. Wells Fargo & Company MN now owns 190,358 shares of the company’s stock worth $33,990,000 after purchasing an additional 12,240 shares in the last quarter. Finally, Corient Private Wealth LLC lifted its position in Cboe Global Markets by 41.8% in the fourth quarter. Corient Private Wealth LLC now owns 13,484 shares of the company’s stock worth $2,408,000 after purchasing an additional 3,978 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was 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 of the company’s stock, valued at $1,886,690.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was 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. 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 Cboe Global Markets stock in a transaction that occurred 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 directly owns 4,328 shares in the company, valued at $879,579.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,261 shares of company stock worth $3,604,822. 0.51% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Oppenheimer lifted their price target on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Finally, Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $199.64.

Cboe Global Markets Trading Up 0.2 %

Cboe Global Markets stock opened at $207.44 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 12 month low of $103.82 and a 12 month high of $139.00. The company’s fifty day simple moving average is $199.60 and its 200-day simple moving average is $185.54. The stock has a market cap of $22.00 billion, a P/E ratio of 106.93 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, August 2nd. The company reported $2.15 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 company had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the prior year, the business posted $1.78 EPS. Cboe Global Markets’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets announced that its board has authorized a stock buyback plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is 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.