Cim LLC Buys 200 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Cim LLC grew its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 3.4% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 5,998 shares of the company’s stock after buying an additional 200 shares during the period. Cim LLC’s holdings in Cboe Global Markets were worth $1,020,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in CBOE. Tandem Investment Advisors Inc. raised its holdings in Cboe Global Markets by 4.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock valued at $142,037,000 after acquiring an additional 35,336 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of 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 purchasing an additional 246,442 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Cboe Global Markets by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock worth $96,367,000 after purchasing an additional 55,876 shares during the period. Marshall Wace LLP boosted its stake in Cboe Global Markets by 306.6% during the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock worth $90,785,000 after buying an additional 402,547 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Cboe Global Markets by 19.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 526,423 shares of the company’s stock valued at $93,998,000 after buying an additional 85,433 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Insider Activity

In related news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares in the company, valued at approximately $879,579.44. The disclosure for this sale can be found here. Insiders have sold a total of 18,261 shares of company stock worth $3,604,822 over the last three months. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Up 2.4 %

Cboe Global Markets stock opened at $209.84 on Wednesday. The firm has a market capitalization of $22.26 billion, a price-to-earnings ratio of 108.17 and a beta of 0.61. The company’s 50 day simple moving average is $203.87 and its 200 day simple moving average is $186.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00.

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

Cboe Global Markets announced that its Board of Directors has approved 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 buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

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 issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. 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 dividend payout ratio is 98.97%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CBOE shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Oppenheimer raised their price objective on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Keefe, Bruyette & Woods lifted 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 research note on Monday, August 5th. Finally, Royal Bank of Canada began coverage on Cboe Global Markets in a research report on Friday, September 27th. They set a “sector perform” rating and a $220.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $201.62.

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.