Fmr LLC Sells 33,919 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Fmr LLC reduced its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,533,393 shares of the company’s stock after selling 33,919 shares during the period. Fmr LLC owned approximately 1.45% of Cboe Global Markets worth $314,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Marshall Wace LLP lifted its stake in shares of Cboe Global Markets by 306.6% in the 2nd quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after purchasing an additional 402,547 shares during the period. Los Angeles Capital Management LLC lifted its stake in Cboe Global Markets by 66.5% in the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after buying an additional 246,442 shares during the period. Raymond James & Associates grew its position in shares of Cboe Global Markets by 311.3% during the 3rd quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock worth $47,413,000 after buying an additional 175,159 shares during the period. TD Asset Management Inc increased its stake in shares of Cboe Global Markets by 36.2% in the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after acquiring an additional 132,833 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Cboe Global Markets by 1,044.9% in the 2nd quarter. Squarepoint Ops LLC now owns 119,673 shares of the company’s stock valued at $20,352,000 after acquiring an additional 109,220 shares during the period. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Trading Down 0.6 %

BATS CBOE opened at $215.85 on Friday. The stock has a market capitalization of $22.89 billion, a price-to-earnings ratio of 111.26 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The stock’s 50 day moving average price is $208.42 and its two-hundred day moving average price is $195.08. 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 announced its quarterly earnings data on Friday, November 1st. The company reported $2.22 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 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 firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a share repurchase program on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Morgan Stanley cut shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective for the company. in a report on Wednesday, November 6th. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price objective on shares of Cboe Global Markets in a research report on Monday, November 4th. Piper Sandler lifted their target price on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Finally, Oppenheimer raised their price target 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $209.42.

Insider Activity

In related news, CFO Jill Griebenow sold 1,622 shares of the firm’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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 15.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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 ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is 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.