Cboe Global Markets, Inc. (BATS:CBOE) Stock Position Raised by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 18.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,033 shares of the company’s stock after purchasing an additional 771 shares during the period. D.A. Davidson & CO.’s holdings in Cboe Global Markets were worth $1,031,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in shares of Cboe Global Markets during the second quarter valued at $30,000. Friedenthal Financial acquired a new position in shares of Cboe Global Markets in the 3rd quarter valued at about $49,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Cboe Global Markets in the second quarter worth approximately $51,000. GPS Wealth Strategies Group LLC boosted its holdings in shares of Cboe Global Markets by 59.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after purchasing an additional 123 shares during the period. Finally, Intact Investment Management Inc. acquired a new stake in shares of Cboe Global Markets during the third quarter worth approximately $74,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

BATS CBOE opened at $215.85 on Monday. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a fifty day simple moving average of $208.42 and a 200 day simple moving average of $195.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $22.89 billion, a P/E ratio of 111.26 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. The firm had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 EPS. On average, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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

Analyst Ratings Changes

CBOE has been the subject of a number of research analyst reports. Morgan Stanley downgraded shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a research report on Wednesday, November 6th. Oppenheimer increased their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock 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 target price for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a research note on Monday, November 4th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $209.42.

Insiders Place Their Bets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. This trade represents a 13.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. The trade was a 15.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

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.