Vontobel Holding Ltd. Sells 8,936 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Vontobel Holding Ltd. reduced its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 60.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,872 shares of the company’s stock after selling 8,936 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cboe Global Markets were worth $1,203,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CBOE. Marshall Wace LLP boosted its holdings in 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 in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Cboe Global Markets by 66.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after purchasing an additional 246,442 shares in the last quarter. TD Asset Management Inc increased its position in shares of Cboe Global Markets by 36.2% during the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after buying an additional 132,833 shares during the period. Squarepoint Ops LLC raised its stake in Cboe Global Markets by 1,044.9% in the second quarter. Squarepoint Ops LLC now owns 119,673 shares of the company’s stock worth $20,352,000 after buying an additional 109,220 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in Cboe Global Markets by 152.3% in the first quarter. Bahl & Gaynor Inc. now owns 176,694 shares of the company’s stock worth $32,464,000 after buying an additional 106,666 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Down 0.1 %

Shares of BATS:CBOE opened at $209.28 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. 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 $22.20 billion, a P/E ratio of 107.87 and a beta of 0.61. The stock’s fifty day moving average price is $208.15 and its 200-day moving average price is $189.12.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $514.51 million. During the same quarter last year, the firm posted $1.78 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. Cboe Global Markets’s payout ratio is currently 98.97%.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Cowen initiated coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price on the stock. Oppenheimer raised their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Piper Sandler upped their target price on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $208.75.

Insider Activity

In related news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Jill Griebenow sold 1,622 shares of the firm’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 transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the sale, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,261 shares of company stock valued at $3,604,822 in the last ninety days. 0.51% of the stock is currently owned by company insiders.

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.