Washington Trust Advisors Inc. Takes $144,000 Position in Cboe Global Markets, Inc. (BATS:CBOE)

Washington Trust Advisors Inc. bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 705 shares of the company’s stock, valued at approximately $144,000.

Several other hedge funds have also recently bought and sold shares of CBOE. 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 worth $512,000 after acquiring an additional 54 shares in the last quarter. Regal Investment Advisors LLC boosted its stake in Cboe Global Markets by 0.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock worth $3,788,000 after purchasing an additional 56 shares during the period. First Horizon Advisors Inc. increased its holdings in Cboe Global Markets by 9.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock worth $121,000 after purchasing an additional 63 shares in the last quarter. Kendall Capital Management increased its holdings in Cboe Global Markets by 0.9% during the 2nd quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock worth $1,600,000 after purchasing an additional 80 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Cboe Global Markets by 11.6% in the third quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock valued at $159,000 after purchasing an additional 81 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Piper Sandler increased their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Cboe Global Markets from $214.00 to $212.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. Morgan Stanley downgraded shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective for the company. in a research note on Wednesday. Finally, Barclays dropped their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $208.58.

Insiders Place Their Bets

In other news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets 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 sale, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. In related news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction dated 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 directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,696 shares of company stock worth $1,591,160 in the last quarter. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Down 1.5 %

Shares of Cboe Global Markets stock opened at $196.86 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The business has a fifty day simple moving average of $209.13 and a two-hundred day simple moving average of $192.35. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a market capitalization of $20.88 billion, a price-to-earnings ratio of 101.47 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping the consensus estimate of $2.19 by $0.03. The business had revenue of $532.00 million during the quarter, compared to the consensus estimate 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 was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 EPS. Research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.28%. 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 of Directors has authorized a share buyback plan on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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.