Virtu Financial LLC Buys Shares of 6,850 Cboe Global Markets, Inc. (BATS:CBOE)

Virtu Financial LLC purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,850 shares of the company’s stock, valued at approximately $1,165,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in Cboe Global Markets by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 497,746 shares of the company’s stock worth $88,875,000 after buying an additional 14,784 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of Cboe Global Markets by 34.3% during the fourth quarter. Quadrant Capital Group LLC now owns 517 shares of the company’s stock worth $92,000 after purchasing an additional 132 shares during the period. Beacon Pointe Advisors LLC grew its stake in shares of Cboe Global Markets by 20.0% in the fourth quarter. Beacon Pointe Advisors LLC now owns 5,299 shares of the company’s stock worth $946,000 after purchasing an additional 885 shares during the last quarter. Norges Bank acquired a new stake in Cboe Global Markets in the fourth quarter valued at $226,557,000. Finally, BI Asset Management Fondsmaeglerselskab A S raised its position in Cboe Global Markets by 190.3% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,438 shares of the company’s stock worth $971,000 after purchasing an additional 3,565 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CBOE shares. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research 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 company an “overweight” rating in a research report on Monday, August 5th. Oppenheimer boosted their price target on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, Keefe, Bruyette & Woods boosted their target price 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $199.64.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $211.22 on Thursday. The firm has a market capitalization of $22.40 billion, a P/E ratio of 108.88 and a beta of 0.61. The firm’s 50-day moving average price is $198.86 and its 200-day moving average price is $185.39. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. 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 posted its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. During the same period in the prior year, the business earned $1.78 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

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

Cboe Global Markets announced that its board has initiated a stock buyback program on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at $879,579.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the sale, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at $879,579.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction that occurred 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 owns 8,844 shares in the company, valued at approximately $1,886,690.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,261 shares of company stock worth $4,654,822. 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.