Cboe Global Markets, Inc. (BATS:CBOE) Shares Acquired by Raymond James & Associates

Raymond James & Associates boosted its position in Cboe Global Markets, Inc. (BATS:CBOE) by 311.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 231,429 shares of the company’s stock after acquiring an additional 175,159 shares during the period. Raymond James & Associates’ holdings in Cboe Global Markets were worth $47,413,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. FinTrust Capital Advisors LLC increased its stake in shares of 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 acquiring an additional 85 shares during the last quarter. ORG Partners LLC purchased a new position in Cboe Global Markets during the second quarter worth approximately $30,000. Redmont Wealth Advisors LLC purchased a new position in Cboe Global Markets during the first quarter worth approximately $42,000. Riverview Trust Co acquired a new position in shares of Cboe Global Markets in the 1st quarter valued at $44,000. Finally, Friedenthal Financial purchased a new stake in shares of Cboe Global Markets during the 3rd quarter valued at $49,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CBOE. Deutsche Bank Aktiengesellschaft lifted their target price on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Piper Sandler lifted their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research report on Friday, October 4th. Keefe, Bruyette & Woods lifted 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 research report on Monday, August 5th. Finally, Oppenheimer raised their target price on shares of 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 research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $208.75.

Insider Transactions at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 39,855 shares of the company’s stock, valued at $8,165,890.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the company’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 value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,761 shares of company stock valued at $3,138,147. 0.51% of the stock is currently owned by corporate insiders.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $213.67 on Wednesday. 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 firm’s fifty day moving average price is $208.33 and its 200 day moving average price is $189.41. The company has a market capitalization of $22.66 billion, a price-to-earnings ratio of 110.14 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.

Cboe Global Markets (BATS:CBOE) last released 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 return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $513.80 million for the quarter, compared to analysts’ expectations of $514.51 million. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. On average, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

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 paid a dividend of $0.63 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s dividend payout ratio is 98.97%.

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

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.