APG Asset Management N.V. reduced its position in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 44.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 238,083 shares of the company’s stock after selling 191,705 shares during the period. APG Asset Management N.V. owned about 0.22% of Cboe Global Markets worth $37,778,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of the company. Tandem Investment Advisors Inc. increased its stake in Cboe Global Markets by 4.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock worth $142,037,000 after buying an additional 35,336 shares during the period. Los Angeles Capital Management LLC increased its position in shares of Cboe Global Markets by 66.5% during the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after acquiring an additional 246,442 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Cboe Global Markets by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock valued at $96,367,000 after purchasing an additional 55,876 shares during the period. Marshall Wace LLP grew its stake in Cboe Global Markets by 306.6% during the 2nd quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock worth $90,785,000 after purchasing an additional 402,547 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Cboe Global Markets by 19.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 526,423 shares of the company’s stock worth $93,998,000 after purchasing an additional 85,433 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.
Cboe Global Markets Trading Down 1.4 %
CBOE opened at $202.63 on Friday. 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’s 50 day moving average is $202.98 and its two-hundred day moving average is $186.33. The firm has a market cap of $21.49 billion, a price-to-earnings ratio of 104.45 and a beta of 0.61.
Cboe Global Markets announced that its board has approved a stock repurchase program on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.
Cboe Global Markets Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.24%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.
Insider Transactions at Cboe Global Markets
In related news, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the transaction, the executive vice president now owns 15,073 shares in the company, valued at approximately $2,813,676.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Dave Howson sold 2,500 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the sale, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,261 shares of company stock worth $3,604,822. Company insiders own 0.51% of the company’s stock.
Analyst Upgrades and Downgrades
CBOE has been the subject of a number of analyst reports. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Royal Bank of Canada assumed coverage on shares of Cboe Global Markets in a research report on Friday. They issued a “sector perform” rating and a $220.00 price objective on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price objective (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $201.62.
Get Our Latest Stock Report on Cboe Global Markets
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.
Featured Stories
- Five stocks we like better than Cboe Global Markets
- How to Plot Fibonacci Price Inflection Levels
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- The Role Economic Reports Play in a Successful Investment Strategy
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- How to Effectively Use the MarketBeat Ratings Screener
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
Want to see what other hedge funds are holding CBOE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cboe Global Markets, Inc. (BATS:CBOE – Free Report).
Receive News & Ratings for Cboe Global Markets Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cboe Global Markets and related companies with MarketBeat.com's FREE daily email newsletter.