Acadian Asset Management LLC Lowers Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Acadian Asset Management LLC reduced its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 91.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,388 shares of the company’s stock after selling 14,829 shares during the quarter. Acadian Asset Management LLC’s holdings in Cboe Global Markets were worth $191,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Texas Permanent School Fund Corp boosted its stake in shares of Cboe Global Markets by 11.9% in the second quarter. Texas Permanent School Fund Corp now owns 24,750 shares of the company’s stock valued at $3,416,000 after buying an additional 2,634 shares in the last quarter. New York Life Investment Management LLC boosted its stake in shares of Cboe Global Markets by 27.8% in the second quarter. New York Life Investment Management LLC now owns 21,736 shares of the company’s stock valued at $3,000,000 after buying an additional 4,729 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Cboe Global Markets by 10.9% in the second quarter. Envestnet Asset Management Inc. now owns 71,305 shares of the company’s stock valued at $9,841,000 after buying an additional 6,993 shares in the last quarter. Cibc World Markets Corp boosted its stake in shares of Cboe Global Markets by 111.9% in the second quarter. Cibc World Markets Corp now owns 29,532 shares of the company’s stock valued at $4,076,000 after buying an additional 15,597 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of Cboe Global Markets by 5.0% in the second quarter. Quantinno Capital Management LP now owns 12,246 shares of the company’s stock valued at $1,690,000 after buying an additional 584 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 3,850 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $149.08, for a total value of $573,958.00. Following the completion of the transaction, the chief operating officer now directly owns 54,599 shares in the company, valued at $8,139,618.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

BATS CBOE opened at $176.66 on Monday. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The stock has a market cap of $18.74 billion, a price-to-earnings ratio of 91.06 and a beta of 0.61. The business has a fifty day moving average of $162.53 and a 200-day moving average of $148.42. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, November 3rd. The company reported $2.06 EPS for the quarter, beating the consensus estimate of $1.86 by $0.20. The firm had revenue of $480.50 million during the quarter, compared to analyst estimates of $479.89 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.74 earnings per share. As a group, analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets announced that its board has initiated a share buyback plan on Thursday, October 26th that permits the company to buyback $250.00 million in shares. This buyback authorization permits the company to reacquire up to 1.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be paid a $0.55 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $2.20 annualized dividend and a yield of 1.25%. Cboe Global Markets’s payout ratio is currently 98.97%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CBOE shares. Bank of America lifted their price target on Cboe Global Markets from $168.00 to $173.00 in a research note on Tuesday, October 3rd. Piper Sandler lifted their price objective on Cboe Global Markets from $160.00 to $174.00 and gave the stock an “overweight” rating in a report on Friday, September 29th. Argus cut Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group lifted their price objective on Cboe Global Markets from $150.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Finally, Rosenblatt Securities lifted their price objective on Cboe Global Markets from $178.00 to $192.00 and gave the stock a “buy” rating in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $161.27.

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.