Cboe Global Markets, Inc. (BATS:CBOE) Stock Holdings Increased by Truist Financial Corp

Truist Financial Corp raised its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 11.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,625 shares of the company’s stock after buying an additional 2,550 shares during the quarter. Truist Financial Corp’s holdings in Cboe Global Markets were worth $4,358,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in Cboe Global Markets by 3.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 75,850 shares of the company’s stock worth $13,544,000 after acquiring an additional 2,375 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 worth $93,998,000 after purchasing an additional 85,433 shares during the last quarter. Personal CFO Solutions LLC acquired a new position in Cboe Global Markets during the 4th quarter valued at approximately $246,000. Nomura Holdings Inc. bought a new position in Cboe Global Markets during the 4th quarter worth $12,640,000. Finally, Coastwise Capital Group LLC bought a new position in Cboe Global Markets during the 4th quarter worth $226,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CBOE shares. Oppenheimer boosted their price target 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. Barclays boosted their target price on shares of Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a research note on Monday. Piper Sandler raised their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday. TD Cowen assumed coverage on Cboe Global Markets in a report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $207.25.

Insider Transactions at Cboe Global Markets

In related news, EVP Dave Howson sold 2,500 shares of Cboe Global Markets stock in a transaction dated 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 of the company’s stock, valued at approximately $2,813,676.91. 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. In related 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 value of $466,675.00. Following the completion of the transaction, the executive vice president now owns 15,073 shares of the company’s stock, valued at approximately $2,813,676.91. This trade represents a 0.00 % decrease in their position. 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 sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,261 shares of company stock valued at $3,604,822 over the last three months. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

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

Cboe Global Markets (BATS:CBOE) last released 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. The business had revenue of $513.80 million during 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 business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.78 earnings per share. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

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

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

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.