1832 Asset Management L.P. Has $2.50 Million Position in Cboe Global Markets, Inc. (BATS:CBOE)

1832 Asset Management L.P. grew its position in Cboe Global Markets, Inc. (BATS:CBOE) by 2.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 14,701 shares of the company’s stock after acquiring an additional 381 shares during the period. 1832 Asset Management L.P.’s holdings in Cboe Global Markets were worth $2,500,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in CBOE. Frank Rimerman Advisors LLC acquired a new position in Cboe Global Markets in the second quarter valued at $1,194,000. Prospector Partners LLC lifted its stake in shares of Cboe Global Markets by 0.7% in the 2nd quarter. Prospector Partners LLC now owns 55,250 shares of the company’s stock valued at $9,396,000 after purchasing an additional 370 shares during the period. ProShare Advisors LLC boosted its position in shares of Cboe Global Markets by 3.0% during the 2nd quarter. ProShare Advisors LLC now owns 28,644 shares of the company’s stock valued at $4,871,000 after purchasing an additional 825 shares in the last quarter. Hancock Whitney Corp grew its stake in Cboe Global Markets by 0.5% during the second quarter. Hancock Whitney Corp now owns 107,068 shares of the company’s stock worth $18,208,000 after purchasing an additional 537 shares during the period. Finally, RiverGlades Family Offices LLC bought a new stake in Cboe Global Markets in the second quarter worth approximately $391,000. Institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jill Griebenow sold 1,622 shares of the 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 completion of the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cboe Global Markets 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 transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dave Howson sold 2,500 shares of Cboe Global Markets stock in a transaction on Monday, July 22nd. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 18,261 shares of company stock valued at $3,604,822 in the last 90 days. 0.51% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Barclays raised their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Finally, JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Seven 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, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $202.99 on Thursday. The company has a market cap of $21.53 billion, a PE ratio of 104.63 and a beta of 0.61. 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, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The business has a 50 day moving average price of $202.23 and a 200-day moving average price of $186.08.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data 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 business had revenue of $513.80 million for the quarter, compared to analysts’ expectations of $514.51 million. During the same period last year, the business earned $1.78 EPS. The business’s revenue was up 10.0% on a year-over-year basis. Equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets declared that its board has authorized a share buyback plan on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.63 dividend. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. This represents a $2.52 annualized dividend and a yield of 1.24%. Cboe Global Markets’s dividend payout ratio (DPR) is 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.