Argent Trust Co Has $887,000 Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Argent Trust Co lifted its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,216 shares of the company’s stock after buying an additional 147 shares during the period. Argent Trust Co’s holdings in Cboe Global Markets were worth $887,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CBOE. Accuvest Global Advisors acquired a new stake in Cboe Global Markets in the fourth quarter valued at approximately $345,000. Hilltop Holdings Inc. grew its position in Cboe Global Markets by 1.8% during the 4th quarter. Hilltop Holdings Inc. now owns 16,715 shares of the company’s stock worth $2,985,000 after acquiring an additional 298 shares during the last quarter. National Bank of Canada FI increased its holdings in Cboe Global Markets by 18.4% in the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after purchasing an additional 5,458 shares in the last quarter. Nordea Investment Management AB raised its position in Cboe Global Markets by 15.2% in the first quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock valued at $76,935,000 after purchasing an additional 55,859 shares during the last quarter. Finally, Cim LLC acquired a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $1,138,000. 81.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cboe Global Markets

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on 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 in the company, valued at $8,165,890.95. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,261 shares of company stock valued at $3,604,822. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CBOE. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Barclays upped their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Oppenheimer lifted their price target 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. Piper Sandler restated 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. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Stock Down 1.8 %

Shares of Cboe Global Markets stock opened at $206.81 on Friday. The stock’s 50-day moving average is $198.86 and its 200 day moving average is $185.39. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The firm has a market cap of $21.93 billion, a price-to-earnings ratio of 106.60 and a beta of 0.61. 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 (BATS:CBOE) last posted its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The firm had revenue of $513.80 million for 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 company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.78 EPS. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets declared that its Board of Directors has authorized a stock buyback plan on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.22%. 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 dividend payout ratio (DPR) is presently 98.97%.

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.