Exchange Traded Concepts LLC Raises Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Exchange Traded Concepts LLC lifted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,710 shares of the company’s stock after purchasing an additional 214 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Cboe Global Markets were worth $760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBOE. FinTrust Capital Advisors LLC increased its stake in Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after acquiring an additional 85 shares during the last quarter. ORG Partners LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Cboe Global Markets during the 1st quarter valued at about $42,000. Riverview Trust Co bought a new position in shares of Cboe Global Markets during the 1st quarter valued at about $44,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter valued at about $51,000. 81.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was 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 owns 8,844 shares in the company, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets 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 owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 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 sold a total of 18,261 shares of company stock worth $3,604,822 in the last quarter. 0.51% of the stock is owned by company insiders.

Cboe Global Markets Trading Down 0.2 %

BATS CBOE opened at $209.18 on Friday. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day simple moving average of $208.15 and a two-hundred day simple moving average of $189.08. The stock has a market cap of $22.19 billion, a P/E ratio of 107.83 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. The company had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.78 EPS. On average, analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

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

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date 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 (DPR) is presently 98.97%.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent research reports. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Oppenheimer increased their target price on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Piper Sandler increased their target price on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods increased their target price on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Finally, TD Cowen began coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price for the company. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $208.75.

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.