Bank of Montreal Can Sells 22,315 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Bank of Montreal Can trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOEGet Rating) by 10.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,439 shares of the company’s stock after selling 22,315 shares during the quarter. Bank of Montreal Can owned about 0.17% of Cboe Global Markets worth $21,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Alps Advisors Inc. bought a new position in shares of Cboe Global Markets in the 2nd quarter worth about $3,212,000. Forsta AP Fonden increased its stake in shares of Cboe Global Markets by 8.3% in the 2nd quarter. Forsta AP Fonden now owns 35,100 shares of the company’s stock worth $3,973,000 after acquiring an additional 2,700 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Cboe Global Markets in the 2nd quarter worth about $286,000. Mutual of America Capital Management LLC increased its stake in shares of Cboe Global Markets by 1.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 14,480 shares of the company’s stock worth $1,639,000 after acquiring an additional 249 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Cboe Global Markets in the 2nd quarter worth about $256,000. 81.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent analyst reports. Rosenblatt Securities increased their price objective on shares of Cboe Global Markets from $162.00 to $168.00 and gave the company a “buy” rating in a research report on Monday, November 7th. TheStreet raised shares of Cboe Global Markets from a “c+” rating to a “b” rating in a research report on Friday, November 4th. Citigroup initiated coverage on shares of Cboe Global Markets in a research report on Tuesday, October 11th. They set a “neutral” rating and a $130.00 price objective on the stock. Redburn Partners initiated coverage on shares of Cboe Global Markets in a research report on Monday, November 14th. They set a “neutral” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of Cboe Global Markets from $148.00 to $141.00 and set a “buy” rating on the stock in a research report on Tuesday, November 15th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $143.71.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $121.51 on Monday. The firm’s 50-day moving average price is $120.94 and its 200-day moving average price is $120.17. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $12.89 billion, a PE ratio of 62.63 and a beta of 0.61.

Cboe Global Markets (BATS:CBOEGet Rating) last issued its quarterly earnings data on Friday, November 4th. The company reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.09. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $442.40 million for the quarter, compared to analysts’ expectations of $441.61 million. During the same quarter in the prior year, the business earned $1.45 EPS. The business’s quarterly revenue was up 19.7% on a year-over-year basis. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.65%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.48. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Transactions at Cboe Global Markets

In other news, CFO Brian N. Schell sold 7,303 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $117.11, for a total value of $855,254.33. Following the transaction, the chief financial officer now owns 11,170 shares in the company, valued at approximately $1,308,118.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Cboe Global Markets news, CFO Brian N. Schell sold 7,303 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $117.11, for a total transaction of $855,254.33. Following the sale, the chief financial officer now owns 11,170 shares in the company, valued at approximately $1,308,118.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Catherine R. Clay sold 1,182 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $124.28, for a total transaction of $146,898.96. Following the sale, the executive vice president now owns 3,470 shares in the company, valued at approximately $431,251.60. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Profile

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Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through five segments: Options, North American Equities, Futures, Europe and Asia Pacific, and Global FX. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.

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Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

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