Cboe Global Markets, Inc. (BATS:CBOE) Shares Acquired by Kendall Capital Management

Kendall Capital Management increased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,410 shares of the company’s stock after acquiring an additional 80 shares during the period. Kendall Capital Management’s holdings in Cboe Global Markets were worth $1,600,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Hsbc Holdings PLC lifted its stake in Cboe Global Markets by 10.9% during the 2nd quarter. Hsbc Holdings PLC now owns 370,478 shares of the company’s stock worth $63,221,000 after acquiring an additional 36,277 shares in the last quarter. First Washington CORP lifted its stake in Cboe Global Markets by 11.1% during the 2nd quarter. First Washington CORP now owns 19,967 shares of the company’s stock worth $3,396,000 after acquiring an additional 1,989 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Cboe Global Markets by 10.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,098 shares of the company’s stock worth $1,037,000 after acquiring an additional 574 shares in the last quarter. Argent Trust Co lifted its stake in Cboe Global Markets by 2.9% during the 2nd quarter. Argent Trust Co now owns 5,216 shares of the company’s stock worth $887,000 after acquiring an additional 147 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Cboe Global Markets during the 2nd quarter worth about $1,165,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Buying and Selling

In related 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the 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 sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The disclosure for this sale can be found here. Insiders have sold 24,261 shares of company stock worth $4,654,822 in the last quarter. 0.51% of the stock is owned by insiders.

Cboe Global Markets Trading Down 1.1 %

CBOE opened at $211.22 on Thursday. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The company has a market cap of $22.40 billion, a P/E ratio of 108.88 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. The business’s 50-day simple moving average is $198.86 and its 200-day simple moving average is $185.39.

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

Cboe Global Markets announced that its board has authorized a share repurchase program 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 shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Friday, August 30th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CBOE shares. Oppenheimer upped their price target on Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Barclays upped their price target on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $199.64.

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.