Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV decreased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 0.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,684 shares of the company’s stock after selling 55 shares during the quarter. Mercer Global Advisors Inc. ADV owned 0.05% of Cboe Global Markets worth $9,642,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CBOE. Dimensional Fund Advisors LP boosted its stake in shares of Cboe Global Markets by 3.1% in the fourth 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 last quarter. Quadrant Capital Group LLC boosted its position in Cboe Global Markets by 34.3% in the 4th quarter. Quadrant Capital Group LLC now owns 517 shares of the company’s stock worth $92,000 after purchasing an additional 132 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of 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 period. Coldstream Capital Management Inc. acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $219,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Cboe Global Markets by 6.9% during the 4th quarter. Wells Fargo & Company MN now owns 190,358 shares of the company’s stock valued at $33,990,000 after purchasing an additional 12,240 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 1.8 %

Shares of BATS CBOE opened at $206.81 on Friday. The stock has a market cap of $21.93 billion, a PE ratio of 108.59 and a beta of 0.61. 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 12-month low of $103.82 and a 12-month high of $139.00. The company has a 50-day moving average of $198.86 and a 200 day moving average of $185.39.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. During the same period in the prior year, the business earned $1.78 EPS. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.63 per share. 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 yield of 1.22%. Cboe Global Markets’s payout ratio is 98.97%.

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays upped their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Oppenheimer boosted their price objective on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods increased their target price on 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. Finally, JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $199.64.

Insider Buying and Selling at Cboe Global Markets

In other news, 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 transaction of $346,021.26. Following the completion of the sale, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The disclosure for this sale can be found here. Insiders have sold 18,261 shares of company stock worth $3,604,822 in the last ninety days. 0.51% of the stock is owned by insiders.

Cboe Global Markets 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.