Distillate Capital Partners LLC Invests $14.25 Million in Cboe Global Markets, Inc. (BATS:CBOE)

Distillate Capital Partners LLC purchased a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 83,811 shares of the company’s stock, valued at approximately $14,253,000. Distillate Capital Partners LLC owned approximately 0.08% of Cboe Global Markets as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Perpetual Ltd bought a new stake in Cboe Global Markets in the first quarter valued at approximately $74,868,000. Marshall Wace LLP increased its position in shares of Cboe Global Markets by 306.6% in the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after acquiring an additional 402,547 shares during the period. Allianz Asset Management GmbH boosted its holdings in shares of Cboe Global Markets by 439.5% during the fourth quarter. Allianz Asset Management GmbH now owns 317,631 shares of the company’s stock worth $56,716,000 after purchasing an additional 258,753 shares during the period. Los Angeles Capital Management LLC grew its stake in shares of Cboe Global Markets by 66.5% in the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after purchasing an additional 246,442 shares during the last quarter. Finally, TD Asset Management Inc raised its position in Cboe Global Markets by 36.2% during the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after purchasing an additional 132,833 shares during the last quarter. Institutional investors 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 company’s stock in a transaction that occurred 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 directly owns 8,844 shares in the company, valued at $1,886,690.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the sale, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the transaction, the executive vice president now directly owns 15,073 shares in the company, valued at $2,813,676.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,261 shares of company stock valued at $3,604,822. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Performance

CBOE opened at $209.85 on Tuesday. The company’s 50 day moving average is $201.09 and its 200 day moving average is $185.81. 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 company has a market cap of $22.26 billion, a price-to-earnings ratio of 108.17 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. The firm had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 EPS. On average, equities research analysts predict 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 share buyback plan on Friday, August 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The business also recently disclosed 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 is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s payout ratio is presently 98.97%.

Analyst Upgrades and Downgrades

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 boosted their target price for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer increased their target price on Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research 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 stock a “market perform” rating in a research note on Monday, August 5th. Piper Sandler restated an “overweight” rating and set a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company 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, the company presently has an average rating of “Hold” and an average price target of $199.64.

Cboe Global Markets Company 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.