7,020 Shares in Cboe Global Markets, Inc. (BATS:CBOE) Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,020 shares of the company’s stock, valued at approximately $1,194,000.

Several other institutional investors and hedge funds have also made changes to their positions in CBOE. Coldstream Capital Management Inc. acquired a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $219,000. Wells Fargo & Company MN boosted its holdings in shares of Cboe Global Markets by 6.9% during the 4th 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 during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Cboe Global Markets by 41.8% during the 4th 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 last quarter. Assetmark Inc. boosted its holdings in shares of Cboe Global Markets by 423.3% during the 4th quarter. Assetmark Inc. now owns 382 shares of the company’s stock worth $68,000 after purchasing an additional 309 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Cboe Global Markets by 222.0% during the 4th quarter. Franklin Resources Inc. now owns 80,563 shares of the company’s stock worth $14,385,000 after purchasing an additional 55,547 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Dave Howson sold 2,500 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the transaction, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Jill Griebenow sold 1,622 shares of the 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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dave Howson sold 2,500 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the transaction, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,261 shares of company stock valued at $3,604,822. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $208.21 on Monday. The company has a 50-day simple moving average of $200.35 and a 200-day simple moving average of $185.63. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a market capitalization of $22.08 billion, a price-to-earnings ratio of 107.33 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating 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 analysts’ expectations of $514.51 million. During the same period in the prior year, the company earned $1.78 earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets declared that its Board of Directors has initiated a share buyback plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Analyst Ratings Changes

Several research firms have recently commented on CBOE. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised 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. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Barclays boosted their target price on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Oppenheimer boosted their price target on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $199.64.

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.