Cboe Global Markets, Inc. (BATS:CBOE) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 35.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,658 shares of the company’s stock after buying an additional 43,449 shares during the quarter. Thrivent Financial for Lutherans owned about 0.16% of Cboe Global Markets worth $28,171,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CBOE. FinTrust Capital Advisors LLC lifted its position in shares of Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 85 shares in the last quarter. Optiver Holding B.V. acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth about $29,000. ORG Partners LLC acquired a new stake in shares of Cboe Global Markets during the second quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Cboe Global Markets during the first quarter worth about $42,000. Finally, Riverview Trust Co acquired a new stake in shares of Cboe Global Markets during the first quarter worth about $44,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $209.85 on Tuesday. The firm has a market capitalization of $22.26 billion, a P/E ratio of 108.17 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 has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average is $201.09 and its two-hundred day moving average is $185.81.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The business had revenue of $513.80 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the firm posted $1.78 earnings per share. Research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets announced that its Board of Directors has authorized a stock buyback program on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.63 per share. The ex-dividend date was Friday, August 30th. This is a positive change 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 1.20%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the transaction, the executive vice president now directly owns 15,073 shares in the company, valued at $2,813,676.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related 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 sale, the chief financial officer now directly 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. Also, EVP Dave Howson sold 2,500 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the sale, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,261 shares of company stock worth $3,604,822. Insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft increased their price target 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. Oppenheimer raised their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their target price for the company from $168.00 to $195.00 in a report on Monday, August 5th. Barclays raised 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. Finally, Keefe, Bruyette & Woods raised 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $199.64.

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.