Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC decreased its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 7.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,522 shares of the company’s stock after selling 2,677 shares during the quarter. Highland Capital Management LLC’s holdings in Cboe Global Markets were worth $6,663,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Marshall Wace LLP grew 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 purchasing an additional 402,547 shares during the period. Los Angeles Capital Management LLC increased its holdings 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 worth $104,934,000 after buying an additional 246,442 shares during the last quarter. Raymond James & Associates raised its position in shares of Cboe Global Markets by 311.3% in the 3rd quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock worth $47,413,000 after buying an additional 175,159 shares during the period. TD Asset Management Inc raised its position in shares of Cboe Global Markets by 36.2% in the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after buying an additional 132,833 shares during the period. Finally, Squarepoint Ops LLC grew its position in Cboe Global Markets by 1,044.9% during the second quarter. Squarepoint Ops LLC now owns 119,673 shares of the company’s stock valued at $20,352,000 after acquiring an additional 109,220 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. TD Cowen assumed coverage on Cboe Global Markets in a report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective on the stock. Piper Sandler increased their price objective on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Oppenheimer lifted their target price on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a research note on Friday, October 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $208.75.

Insiders Place Their Bets

In other news, CFO Jill Griebenow sold 1,622 shares of the 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other 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 value 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. 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, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,369 shares of company stock worth $2,687,925. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Performance

CBOE opened at $212.94 on Friday. 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’s 50 day moving average is $209.20 and its 200-day moving average is $190.20. The stock has a market cap of $22.58 billion, a PE ratio of 109.76 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00.

Cboe Global Markets (BATS:CBOE) last announced its 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. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. During the same quarter in the previous year, the business earned $1.78 EPS. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.18%. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets announced that its board has approved a stock repurchase plan on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are 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.