Embree Financial Group trimmed its position in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 0.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,553 shares of the company’s stock after selling 104 shares during the quarter. Cboe Global Markets makes up about 1.3% of Embree Financial Group’s investment portfolio, making the stock its 19th biggest position. Embree Financial Group’s holdings in Cboe Global Markets were worth $7,079,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. FinTrust Capital Advisors LLC raised its holdings in shares of Cboe Global Markets by 170.0% in the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after buying an additional 85 shares during the last quarter. ORG Partners LLC bought a new position in shares of Cboe Global Markets in the second quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth approximately $42,000. Riverview Trust Co bought a new stake in shares of Cboe Global Markets during the first quarter valued at approximately $44,000. Finally, Friedenthal Financial acquired a new stake in shares of Cboe Global Markets in the third quarter valued at approximately $49,000. Institutional investors and hedge funds own 81.73% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on CBOE. Keefe, Bruyette & Woods increased their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a report on Friday, October 4th. TD Cowen assumed coverage on Cboe Global Markets in a research report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped 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 report on Thursday, August 15th. Finally, Piper Sandler lifted their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $208.75.
Cboe Global Markets Stock Down 0.1 %
Shares of BATS:CBOE opened at $209.28 on Friday. The company has a 50 day moving average price of $208.15 and a two-hundred day moving average price of $189.12. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $22.20 billion, a PE ratio of 107.87 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00.
Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. The business had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.78 EPS. Analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.
Cboe Global Markets Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. This is a positive change 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 announced that its board has approved a stock buyback plan on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.
Insider Activity
In related news, EVP Dave Howson sold 2,392 shares of the stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $188.22, for a total transaction of $450,222.24. Following the completion of the sale, the executive vice president now directly owns 12,681 shares of the company’s stock, valued at approximately $2,386,817.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at $879,579.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $188.22, for a total value of $450,222.24. Following the transaction, the executive vice president now directly owns 12,681 shares of the company’s stock, valued at $2,386,817.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,261 shares of company stock worth $3,604,822 in the last 90 days. Corporate 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.
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