Ashton Thomas Private Wealth LLC Makes New Investment in Cboe Global Markets, Inc. (BATS:CBOE)

Ashton Thomas Private Wealth LLC bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 301 shares of the company’s stock, valued at approximately $51,000.

Other institutional investors and hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC raised its position in Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 85 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of Cboe Global Markets in the fourth quarter valued at about $29,000. ORG Partners LLC bought a new position in shares of Cboe Global Markets in the second quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new position in Cboe Global Markets in the 1st quarter worth approximately $42,000. Finally, Riverview Trust Co acquired a new position in shares of Cboe Global Markets during the first quarter valued at $44,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 0.1 %

BATS:CBOE opened at $209.59 on Monday. The company has a market cap of $22.23 billion, a PE ratio of 108.04 and a beta of 0.61. The stock has a 50-day simple moving average of $196.23 and a 200 day simple moving average of $184.88. 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, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. During the same period last year, the company earned $1.78 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.63 dividend. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.20%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CBOE shares. Oppenheimer raised their price objective on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods increased 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 research report on Monday, August 5th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $168.00 to $195.00 in a report on Monday, August 5th. Barclays increased their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $199.64.

Insider Buying and Selling

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction that occurred 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 directly owns 8,844 shares in the company, valued at $1,886,690.52. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the sale, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,261 shares of company stock worth $4,654,822. Corporate 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.