Cboe Global Markets, Inc. (BATS:CBOE) Shares Acquired by Aquila Investment Management LLC

Aquila Investment Management LLC raised its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Cboe Global Markets accounts for approximately 2.3% of Aquila Investment Management LLC’s portfolio, making the stock its 16th largest position. Aquila Investment Management LLC’s holdings in Cboe Global Markets were worth $2,049,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CBOE. National Bank of Canada FI raised its position in shares of Cboe Global Markets by 18.4% in the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after buying an additional 5,458 shares during the period. Nordea Investment Management AB raised its position in shares of Cboe Global Markets by 15.2% during the first quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock valued at $76,935,000 after buying an additional 55,859 shares during the last quarter. Americana Partners LLC boosted its stake in Cboe Global Markets by 3.8% during the second quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after buying an additional 90 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $1,359,000. Finally, Burney Co. boosted its stake in Cboe Global Markets by 59.9% in the second quarter. Burney Co. now owns 5,609 shares of the company’s stock worth $954,000 after purchasing an additional 2,102 shares in the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Jill Griebenow sold 1,622 shares of the 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 transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets 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 sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,761 shares of company stock valued at $3,138,147. Corporate insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Cowen initiated coverage on Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price for the company. Piper Sandler increased 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. Royal Bank of Canada restated a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research report on Friday, October 4th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Finally, Oppenheimer boosted their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $208.75.

Cboe Global Markets Price Performance

CBOE opened at $213.67 on Wednesday. The firm has a market cap of $22.66 billion, a price-to-earnings ratio of 110.14 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, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The stock’s 50-day moving average price is $208.33 and its 200 day moving average price is $189.41.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating 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 the consensus estimate of $514.51 million. During the same period in the prior year, the company earned $1.78 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets declared that its board has initiated a stock buyback plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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 $0.63 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

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.