Primecap Management Co. CA Decreases Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Primecap Management Co. CA lowered its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 16.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,200 shares of the company’s stock after selling 2,000 shares during the period. Primecap Management Co. CA’s holdings in Cboe Global Markets were worth $1,735,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CBOE. Accuvest Global Advisors purchased a new position in Cboe Global Markets during the fourth quarter worth $345,000. Hilltop Holdings Inc. lifted its holdings in shares of Cboe Global Markets by 1.8% in the 4th quarter. Hilltop Holdings Inc. now owns 16,715 shares of the company’s stock worth $2,985,000 after acquiring an additional 298 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of Cboe Global Markets by 18.4% during the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after purchasing an additional 5,458 shares during the period. Nordea Investment Management AB grew its holdings in Cboe Global Markets by 15.2% during the 1st quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock valued at $76,935,000 after purchasing an additional 55,859 shares during the last quarter. Finally, Cim LLC purchased a new stake in Cboe Global Markets in the 4th quarter worth about $1,138,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 1.1 %

Shares of Cboe Global Markets stock opened at $211.22 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market cap of $22.40 billion, a price-to-earnings ratio of 108.88 and a beta of 0.61. The firm’s 50-day moving average is $198.86 and its two-hundred day moving average is $185.39. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00.

Cboe Global Markets (BATS:CBOE) last released 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. 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 net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period last year, the firm earned $1.78 earnings per share. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

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

Cboe Global Markets Increases Dividend

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

Insider Transactions at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the firm’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 sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, 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. In the last three months, insiders sold 24,261 shares of company stock valued at $4,654,822. Corporate insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CBOE. Deutsche Bank Aktiengesellschaft boosted their target price on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. upgraded 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. Piper Sandler reiterated an “overweight” rating and issued a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Barclays boosted their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Keefe, Bruyette & Woods raised their price target on shares of 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. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.