Cboe Global Markets, Inc. (BATS:CBOE) Stake Cut by Sanibel Captiva Trust Company Inc.

Sanibel Captiva Trust Company Inc. cut its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 11.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,599 shares of the company’s stock after selling 2,305 shares during the period. Sanibel Captiva Trust Company Inc.’s holdings in Cboe Global Markets were worth $3,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Tandem Investment Advisors Inc. boosted its position in Cboe Global Markets by 4.4% during the 2nd quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock worth $142,037,000 after acquiring an additional 35,336 shares during the period. Los Angeles Capital Management LLC increased its position in Cboe Global Markets by 66.5% in the 2nd 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 during the period. Dimensional Fund Advisors LP grew its holdings in shares of Cboe Global Markets by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock worth $96,367,000 after purchasing an additional 55,876 shares in the last quarter. Marshall Wace LLP grew its position in Cboe Global Markets by 306.6% in the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after acquiring an additional 402,547 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in Cboe Global Markets by 19.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 526,423 shares of the company’s stock valued at $93,998,000 after acquiring an additional 85,433 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $188.22, for a total value of $450,222.24. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,261 shares of company stock valued at $3,604,822. 0.51% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CBOE has been the topic of several research analyst reports. TD Cowen initiated coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price on the stock. Oppenheimer increased their target price on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Piper Sandler raised their price target on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday. Royal Bank of Canada reaffirmed 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. Finally, JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $207.25.

Cboe Global Markets Trading Up 0.3 %

BATS CBOE opened at $206.70 on Friday. The business’s 50-day moving average price is $207.05 and its two-hundred day moving average price is $187.92. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The firm has a market capitalization of $21.92 billion, a PE ratio of 106.54 and a beta of 0.61. 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 announced its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. The company had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.78 EPS. On average, analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

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

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.63 per share. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets Company 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.