US Bancorp DE Acquires 220 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

US Bancorp DE grew its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 4.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,397 shares of the company’s stock after buying an additional 220 shares during the period. US Bancorp DE’s holdings in Cboe Global Markets were worth $1,106,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CBOE. Texas Permanent School Fund Corp grew its stake in shares of Cboe Global Markets by 0.3% during the first quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock valued at $4,468,000 after buying an additional 84 shares during the last quarter. Duality Advisers LP purchased a new stake in shares of Cboe Global Markets in the first quarter valued at approximately $1,551,000. Empirical Finance LLC boosted its holdings in shares of Cboe Global Markets by 3.5% in the first quarter. Empirical Finance LLC now owns 3,837 shares of the company’s stock valued at $705,000 after purchasing an additional 130 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Cboe Global Markets in the first quarter valued at approximately $2,043,000. Finally, SG Americas Securities LLC boosted its holdings in shares of Cboe Global Markets by 544.3% in the first quarter. SG Americas Securities LLC now owns 58,620 shares of the company’s stock valued at $10,770,000 after purchasing an additional 49,522 shares during the period. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of research reports. Piper Sandler boosted their price target on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Barclays lowered their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Oppenheimer boosted their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $168.00 to $195.00 in a report on Monday, August 5th. Finally, TD Cowen initiated coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $208.58.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $197.28 on Friday. The business’s fifty day simple moving average is $209.29 and its 200-day simple moving average is $192.14. The company has a market cap of $20.92 billion, a PE ratio of 103.22 and a beta of 0.61. The company has a current ratio of 1.21, a quick 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.

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

Cboe Global Markets Announces Dividend

The firm also recently declared 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s payout ratio is presently 98.97%.

Cboe Global Markets declared that its Board of Directors has initiated a share buyback program on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction 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 directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 7,696 shares of company stock valued at $1,591,160. Corporate insiders own 0.51% of the company’s stock.

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.