CIBC Asset Management Inc Has $7.10 Million Stake in Cboe Global Markets, Inc. (BATS:CBOE)

CIBC Asset Management Inc decreased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 0.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,673 shares of the company’s stock after selling 107 shares during the period. CIBC Asset Management Inc’s holdings in Cboe Global Markets were worth $7,103,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ORG Partners LLC acquired a new position in Cboe Global Markets during the 2nd quarter worth $30,000. Friedenthal Financial acquired a new position in shares of Cboe Global Markets during the third quarter valued at about $49,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Cboe Global Markets during the second quarter valued at about $51,000. GPS Wealth Strategies Group LLC raised its position in shares of Cboe Global Markets by 59.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after buying an additional 123 shares during the last quarter. Finally, Intact Investment Management Inc. acquired a new position in shares of Cboe Global Markets during the third quarter valued at about $74,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the topic of a number of analyst reports. Piper Sandler upped their target price on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Oppenheimer upped their price objective on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and upped their price objective for the stock from $212.00 to $222.00 in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus price target of $209.42.

Cboe Global Markets Stock Up 1.1 %

Shares of CBOE stock opened at $200.71 on Monday. The firm has a market capitalization of $21.29 billion, a P/E ratio of 103.46 and a beta of 0.61. The firm’s fifty day moving average price is $208.04 and its two-hundred day moving average price is $193.09. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.03. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.06 EPS. On average, equities analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has approved a stock buyback plan on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. This represents a 13.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction 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 sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,696 shares of company stock worth $1,591,160 in the last three months. 0.51% of the stock is owned by corporate insiders.

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.