RiverGlades Family Offices LLC Purchases New Stake in Cboe Global Markets, Inc. (BATS:CBOE)

RiverGlades Family Offices LLC acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,300 shares of the company’s stock, valued at approximately $391,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. FinTrust Capital Advisors LLC increased its stake 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 in the last quarter. Optiver Holding B.V. acquired a new position in shares of Cboe Global Markets during the 4th quarter worth $29,000. ORG Partners LLC purchased a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Cboe Global Markets in the 1st quarter worth about $42,000. Finally, Riverview Trust Co acquired a new stake in Cboe Global Markets in the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $207.44 on Friday. The stock has a market capitalization of $22.00 billion, a P/E ratio of 106.93 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The business’s fifty day moving average price is $199.60 and its 200 day moving average price is $185.54.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. During the same quarter last year, the firm posted $1.78 earnings per share. Cboe Global Markets’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

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

Cboe Global Markets Increases Dividend

The business also recently disclosed 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Transactions at Cboe Global Markets

In related news, EVP Dave Howson sold 2,500 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the sale, the executive vice president now directly owns 15,073 shares in the company, valued at approximately $2,813,676.91. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the sale, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares in the company, valued at $879,579.44. The disclosure for this sale can be found here. Insiders sold 18,261 shares of company stock valued at $3,604,822 over the last quarter. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CBOE shares. Piper Sandler restated an “overweight” rating and set a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Oppenheimer upped their target price on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays raised their price target on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus 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.