Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 39.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 25,423 shares of the company’s stock after selling 16,454 shares during the quarter. SG Americas Securities LLC’s holdings in Cboe Global Markets were worth $5,208,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. FinTrust Capital Advisors LLC increased its stake in 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 purchasing an additional 85 shares during the last quarter. ORG Partners LLC acquired a new position in Cboe Global Markets in the second quarter valued at $30,000. Redmont Wealth Advisors LLC acquired a new position in Cboe Global Markets in the first quarter valued at $42,000. Riverview Trust Co acquired a new position in Cboe Global Markets in the first quarter valued at $44,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Cboe Global Markets during the second quarter valued at about $51,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the company’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 transaction of $466,675.00. Following the sale, the executive vice president now owns 15,073 shares in the company, valued at $2,813,676.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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 stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dave Howson sold 2,500 shares of the company’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 value of $466,675.00. Following the sale, the executive vice president now owns 15,073 shares in the company, valued at $2,813,676.91. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,261 shares of company stock valued at $3,604,822. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods boosted 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. Deutsche Bank Aktiengesellschaft boosted their price target on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Oppenheimer upped 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. Barclays upped their target price on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $204.67.

Cboe Global Markets Trading Up 0.1 %

Shares of CBOE opened at $210.42 on Friday. The company has a market capitalization of $22.32 billion, a P/E ratio of 108.46 and a beta of 0.61. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50-day moving average price of $205.34 and a 200 day moving average price of $187.25.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the business 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 initiated a stock buyback plan 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 plans are typically a sign that the company’s leadership 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 issued a $0.63 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is currently 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.