Wealth Advisors of Tampa Bay LLC Increases Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Wealth Advisors of Tampa Bay LLC grew its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 5.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,099 shares of the company’s stock after acquiring an additional 573 shares during the quarter. Wealth Advisors of Tampa Bay LLC’s holdings in Cboe Global Markets were worth $1,888,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. First Horizon Advisors Inc. lifted its stake in shares of Cboe Global Markets by 9.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after purchasing an additional 63 shares during the last quarter. Marion Wealth Management boosted its stake in Cboe Global Markets by 0.7% during the first quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock worth $1,895,000 after buying an additional 76 shares during the period. Kendall Capital Management increased its position in shares of Cboe Global Markets by 0.9% during the second quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after acquiring an additional 80 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in shares of Cboe Global Markets by 4.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock valued at $371,000 after acquiring an additional 83 shares during the period. Finally, Texas Permanent School Fund Corp lifted its holdings in shares of Cboe Global Markets by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock worth $4,468,000 after acquiring an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

CBOE has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Oppenheimer lifted their price objective on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Barclays lifted their target price on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $199.64.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets 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 transaction of $466,675.00. Following the sale, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the company’s 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 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now owns 15,073 shares in the company, valued at approximately $2,813,676.91. 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 three months. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Trading Down 1.8 %

BATS CBOE opened at $206.81 on Friday. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The firm has a 50 day moving average of $198.86 and a two-hundred day moving average of $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 stock has a market capitalization of $21.93 billion, a PE ratio of 106.60 and a beta of 0.61.

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

Cboe Global Markets Increases Dividend

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

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

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.