Inspire Investing LLC Sells 888 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Inspire Investing LLC lessened its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 36.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,534 shares of the company’s stock after selling 888 shares during the quarter. Inspire Investing LLC’s holdings in Cboe Global Markets were worth $261,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

CBOE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $168.00 to $195.00 in a research note 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 report on Monday, August 5th. Barclays lifted 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. Finally, Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $199.64.

Insider Activity

In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 15,073 shares in the company, valued at $2,813,676.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the transaction, the executive vice president now owns 15,073 shares in the company, valued at $2,813,676.91. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction 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. Insiders have sold 18,261 shares of company stock worth $3,604,822 in the last quarter. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $207.09 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50 day simple moving average is $201.77 and its 200-day simple moving average is $185.96. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The stock has a market capitalization of $21.96 billion, a price-to-earnings ratio of 106.75 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. During the same quarter in the previous year, the company earned $1.78 earnings per share. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.63 dividend. 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.22%. Cboe Global Markets’s payout ratio is 98.97%.

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

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.