Cboe Global Markets, Inc. (BATS:CBOE) Shares Bought by Prospector Partners LLC

Prospector Partners LLC lifted its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 0.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 55,250 shares of the company’s stock after purchasing an additional 370 shares during the quarter. Prospector Partners LLC owned about 0.05% of Cboe Global Markets worth $9,396,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Perpetual Ltd acquired a new position in shares of Cboe Global Markets in the 1st quarter valued at $74,868,000. Allianz Asset Management GmbH lifted its position in Cboe Global Markets by 439.5% in the fourth quarter. Allianz Asset Management GmbH now owns 317,631 shares of the company’s stock valued at $56,716,000 after acquiring an additional 258,753 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in Cboe Global Markets by 66.5% in the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after acquiring an additional 246,442 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Cboe Global Markets by 36.2% during the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after purchasing an additional 132,833 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its position in shares of Cboe Global Markets by 152.3% during the first quarter. Bahl & Gaynor Inc. now owns 176,694 shares of the company’s stock worth $32,464,000 after purchasing an additional 106,666 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In other news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction that occurred on 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 owns 39,855 shares in the company, valued at approximately $8,165,890.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 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. Over the last quarter, insiders sold 18,261 shares of company stock valued at $3,604,822. 0.51% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on CBOE shares. 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 report on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $168.00 to $195.00 in a report on Monday, August 5th. Barclays lifted their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised 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. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Trading Up 0.6 %

Shares of Cboe Global Markets stock opened at $208.21 on Friday. The firm has a market cap of $22.08 billion, a price-to-earnings ratio of 107.33 and a beta of 0.61. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The company’s 50-day simple moving average is $200.35 and its 200-day simple moving average is $185.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.05. The company had revenue of $513.80 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 EPS. As a group, equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets declared that its Board of Directors has authorized a share repurchase plan on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.63 dividend. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. This represents a $2.52 annualized dividend and a yield of 1.21%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

About Cboe Global Markets

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.