Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lowered its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 8.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,705 shares of the company’s stock after selling 236 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Cboe Global Markets were worth $460,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC raised its position in shares of 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. ORG Partners LLC bought a new stake in shares of Cboe Global Markets in the second quarter worth $30,000. Redmont Wealth Advisors LLC acquired a new stake in Cboe Global Markets in the first quarter valued at $42,000. Riverview Trust Co acquired a new stake in Cboe Global Markets in the first quarter valued at $44,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in Cboe Global Markets during the 2nd quarter valued at $51,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Buying and Selling

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets 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 transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. 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 90 days. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Price Performance

BATS CBOE opened at $207.61 on Wednesday. The company has a 50-day moving average price of $205.78 and a two-hundred day moving average price of $187.47. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The stock has a market cap of $22.02 billion, a price-to-earnings ratio of 107.02 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last posted its 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 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 analysts’ expectations of $514.51 million. During the same period last year, the firm earned $1.78 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. Analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets announced that its Board of Directors has authorized a share buyback plan on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management 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. Investors of record on Friday, August 30th were paid a dividend of $0.63 per share. 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 1.21%. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s payout ratio is currently 98.97%.

Analyst Upgrades and Downgrades

CBOE has been the subject of several research analyst reports. TD Cowen began coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price for the company. Deutsche Bank Aktiengesellschaft upped their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Piper Sandler lifted their target price on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised 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 report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $207.25.

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.