Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 3.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 60,338 shares of the company’s stock after selling 2,058 shares during the period. Cambiar Investors LLC’s holdings in Cboe Global Markets were worth $12,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Americana Partners LLC increased its position in shares of Cboe Global Markets by 2.2% during the third quarter. Americana Partners LLC now owns 2,498 shares of the company’s stock valued at $512,000 after acquiring an additional 54 shares during the last quarter. Cigna Investments Inc. New purchased a new position in shares of Cboe Global Markets during the 3rd quarter worth approximately $226,000. US Bancorp DE boosted its position in shares of Cboe Global Markets by 4.2% during the 3rd quarter. US Bancorp DE now owns 5,397 shares of the company’s stock worth $1,106,000 after purchasing an additional 220 shares during the period. Solidarity Wealth LLC increased its holdings in Cboe Global Markets by 0.8% in the 3rd quarter. Solidarity Wealth LLC now owns 15,921 shares of the company’s stock valued at $3,262,000 after purchasing an additional 129 shares during the last quarter. Finally, Pinnacle Associates Ltd. purchased a new stake in Cboe Global Markets in the third quarter valued at approximately $280,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CBOE shares. Royal Bank of Canada restated a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research report on Friday, October 4th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Barclays increased their price target on shares of Cboe Global Markets from $218.00 to $239.00 and gave the stock an “overweight” rating in a research report on Monday, October 7th. Oppenheimer lifted their price objective on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $208.75.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $209.93 on Friday. The company has a market cap of $22.27 billion, a P/E ratio of 108.21 and a beta of 0.61. The firm has a fifty day moving average price of $209.64 and a 200 day moving average price of $191.36. 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, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $514.51 million. During the same period in the prior year, the firm posted $1.78 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

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

Insider Buying and Selling at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the sale, the executive vice president now directly owns 4,328 shares in the company, valued at $879,579.44. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Catherine R. Clay sold 600 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the sale, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at $879,579.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,296 shares of company stock worth $1,713,098 over the last three months. Insiders own 0.51% of the company’s stock.

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.