Mount Yale Investment Advisors LLC Has $1.99 Million Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Mount Yale Investment Advisors LLC lessened its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,687 shares of the company’s stock after selling 673 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Cboe Global Markets were worth $1,988,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Coldstream Capital Management Inc. acquired a new stake in shares of Cboe Global Markets during the 4th quarter valued at $219,000. Wells Fargo & Company MN boosted its holdings in shares of Cboe Global Markets by 6.9% during the 4th quarter. Wells Fargo & Company MN now owns 190,358 shares of the company’s stock valued at $33,990,000 after acquiring an additional 12,240 shares in the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Cboe Global Markets by 41.8% during the 4th quarter. Corient Private Wealth LLC now owns 13,484 shares of the company’s stock valued at $2,408,000 after acquiring an additional 3,978 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Cboe Global Markets by 423.3% during the 4th quarter. Assetmark Inc. now owns 382 shares of the company’s stock valued at $68,000 after acquiring an additional 309 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Cboe Global Markets by 222.0% during the 4th quarter. Franklin Resources Inc. now owns 80,563 shares of the company’s stock valued at $14,385,000 after acquiring an additional 55,547 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Buying and Selling

In other Cboe Global Markets 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 sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Cboe Global Markets news, 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 value of $346,021.26. Following the transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dave Howson sold 2,392 shares of Cboe Global Markets stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $188.22, for a total transaction of $450,222.24. Following the transaction, the executive vice president now owns 12,681 shares of the company’s stock, valued at $2,386,817.82. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,261 shares of company stock valued at $3,604,822. 0.51% of the stock is owned by company insiders.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $208.21 on Monday. 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 business has a 50-day moving average price of $200.35 and a two-hundred day moving average price of $185.63. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The company has a market cap of $22.08 billion, a P/E ratio of 107.33 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.05. The firm had revenue of $513.80 million during 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets announced that its Board of Directors has approved a stock repurchase program on Friday, August 16th that authorizes the company to repurchase $500.00 million in 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 an indication that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.21%. This is a positive change 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%.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft raised their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Finally, Barclays upped their target price on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average 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.