Tredje AP fonden Sells 259 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Tredje AP fonden reduced its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,597 shares of the company’s stock after selling 259 shares during the period. Tredje AP fonden’s holdings in Cboe Global Markets were worth $2,822,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBOE. FinTrust Capital Advisors LLC increased its stake in shares of Cboe Global Markets by 170.0% in the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after buying an additional 85 shares during the period. Optiver Holding B.V. acquired a new position in shares of Cboe Global Markets in the 4th quarter worth approximately $29,000. ORG Partners LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter worth approximately $30,000. Redmont Wealth Advisors LLC bought a new position in Cboe Global Markets during the first quarter worth $42,000. Finally, Riverview Trust Co bought a new position in Cboe Global Markets during the first quarter worth $44,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $206.81 on Friday. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00. The stock’s 50 day moving average is $198.86 and its 200-day moving average is $185.39. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $21.93 billion, a price-to-earnings ratio of 106.60 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data 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. The firm had revenue of $513.80 million for the quarter, compared to the consensus estimate 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 revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets announced that its Board of Directors has approved a share buyback program on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.63 dividend. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 annualized dividend and a yield of 1.22%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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 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 transaction, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,261 shares of company stock worth $3,604,822. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CBOE. Oppenheimer boosted their target price 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. Keefe, Bruyette & Woods raised their target price on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Piper Sandler reissued an “overweight” rating and issued a $210.00 price target (up from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $199.64.

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.