Cboe Global Markets, Inc. (BATS:CBOE) Shares Bought by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 423,289 shares of the company’s stock after acquiring an additional 9,307 shares during the period. DekaBank Deutsche Girozentrale owned about 0.40% of Cboe Global Markets worth $72,204,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. First Horizon Advisors Inc. boosted its holdings in shares of Cboe Global Markets by 9.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after buying an additional 63 shares during the period. Marion Wealth Management boosted its stake in Cboe Global Markets by 0.7% during the 1st quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock valued at $1,895,000 after purchasing an additional 76 shares during the period. Motley Fool Asset Management LLC raised its position in shares of Cboe Global Markets by 4.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock worth $371,000 after buying an additional 83 shares in the last quarter. Texas Permanent School Fund Corp raised its position in shares of Cboe Global Markets by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock worth $4,468,000 after buying an additional 84 shares in the last quarter. Finally, Czech National Bank raised its holdings in shares of Cboe Global Markets by 0.5% in the 1st quarter. Czech National Bank now owns 18,572 shares of the company’s stock worth $3,412,000 after purchasing an additional 85 shares in the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CBOE. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Keefe, Bruyette & Woods boosted 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 report on Monday, August 5th. Barclays boosted their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Piper Sandler restated an “overweight” rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $199.64.

Insiders Place Their Bets

In other news, CFO Jill Griebenow sold 1,622 shares of the business’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 completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO Jill Griebenow sold 1,622 shares of the business’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 completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the transaction, the chief operating officer now owns 51,855 shares of the company’s stock, valued at $9,074,625. The disclosure for this sale can be found here. Insiders sold 24,261 shares of company stock valued at $4,654,822 over the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $209.62 on Friday. The company’s 50 day moving average price is $196.23 and its 200 day moving average price is $185.02. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The company has a market capitalization of $22.23 billion, a PE ratio of 108.05 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its 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. The company had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. Research analysts expect 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. Shareholders of record on Friday, August 30th were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.20%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s payout ratio is currently 98.97%.

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

Cboe Global Markets 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.