Cboe Global Markets, Inc. (BATS:CBOE) Shares Bought by Empowered Funds LLC

Empowered Funds LLC boosted its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 2.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,082 shares of the company’s stock after acquiring an additional 243 shares during the period. Empowered Funds LLC’s holdings in Cboe Global Markets were worth $1,861,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Empirical Finance LLC grew its holdings in shares of Cboe Global Markets by 2.1% during the third quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock worth $748,000 after buying an additional 74 shares in the last quarter. Metis Global Partners LLC lifted its position in Cboe Global Markets by 6.0% during the third quarter. Metis Global Partners LLC now owns 5,414 shares of the company’s stock worth $1,109,000 after buying an additional 306 shares during the period. Zions Bancorporation N.A. boosted its stake in Cboe Global Markets by 25.0% in the 3rd quarter. Zions Bancorporation N.A. now owns 2,053 shares of the company’s stock worth $421,000 after buying an additional 410 shares during the last quarter. KBC Group NV grew its holdings in Cboe Global Markets by 14.1% in the 3rd quarter. KBC Group NV now owns 23,419 shares of the company’s stock valued at $4,798,000 after buying an additional 2,890 shares during the period. Finally, D Orazio & Associates Inc. purchased a new position in shares of Cboe Global Markets during the 3rd quarter worth about $237,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price objective on shares of Cboe Global Markets in a report on Monday, November 4th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their target price for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Piper Sandler increased 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. Oppenheimer upped their target price on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target on the stock. in a research report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $209.42.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $208.71 on Thursday. The business has a 50-day moving average price of $207.75 and a two-hundred day moving average price of $193.59. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The stock has a market capitalization of $22.14 billion, a P/E ratio of 107.58 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 (BATS:CBOE) last issued its quarterly earnings data on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping the consensus estimate 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 firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.06 EPS. Equities analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a yield of 1.21%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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

Insider Buying and Selling at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. This trade represents a 13.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets 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 sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. This trade represents a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,696 shares of company stock worth $1,591,160 over the last ninety days. 0.51% of the stock is currently owned by corporate insiders.

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.