Heartland Bank & Trust Co Sells 146 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Heartland Bank & Trust Co trimmed its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,985 shares of the company’s stock after selling 146 shares during the period. Heartland Bank & Trust Co’s holdings in Cboe Global Markets were worth $816,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tandem Investment Advisors Inc. raised its stake in Cboe Global Markets by 4.4% in the second 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 in the last quarter. Los Angeles Capital Management LLC raised its stake in Cboe Global Markets by 66.5% in the second 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 in the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $96,367,000 after buying an additional 55,876 shares in the last quarter. Marshall Wace LLP raised its stake in Cboe Global Markets by 306.6% in the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock worth $90,785,000 after buying an additional 402,547 shares in the last quarter. Finally, TD Asset Management Inc raised its stake in Cboe Global Markets by 36.2% in the second 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 in the last quarter. 81.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reissued 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. Barclays raised their target price on shares of Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. TD Cowen assumed coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They set a “hold” rating and a $205.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of 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 raised their target price on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $208.75.

Insider Buying and Selling

In related news, EVP Dave Howson sold 5,073 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $192.16, for a total value of $974,827.68. Following the sale, the executive vice president now owns 7,573 shares in the company, valued at approximately $1,455,227.68. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Dave Howson sold 5,073 shares of Cboe Global Markets stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $192.16, for a total transaction of $974,827.68. Following the transaction, the executive vice president now owns 7,573 shares in the company, valued at $1,455,227.68. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the transaction, the executive vice president now owns 4,328 shares in the company, valued at $879,579.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,369 shares of company stock worth $2,687,925. 0.51% of the stock is owned by insiders.

Cboe Global Markets Trading Down 0.2 %

BATS:CBOE opened at $213.37 on Thursday. The company’s 50 day moving average price is $208.56 and its 200-day moving average price is $189.64. 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 stock has a market cap of $22.63 billion, a price-to-earnings ratio of 109.99 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $513.80 million for the quarter, compared to analysts’ expectations of $514.51 million. During the same quarter in the prior year, the company posted $1.78 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.63 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.52 annualized dividend and a yield of 1.18%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a stock buyback program on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.