Benedict Financial Advisors Inc. Reduces Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Benedict Financial Advisors Inc. decreased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 3.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,900 shares of the company’s stock after selling 342 shares during the period. Benedict Financial Advisors Inc.’s holdings in Cboe Global Markets were worth $2,028,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Cboe Global Markets by 483.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 23,145 shares of the company’s stock valued at $4,742,000 after purchasing an additional 19,175 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Cboe Global Markets by 2.5% during the third quarter. Forsta AP Fonden now owns 45,700 shares of the company’s stock valued at $9,363,000 after buying an additional 1,100 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cboe Global Markets by 242.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,237 shares of the company’s stock worth $3,492,000 after buying an additional 12,201 shares during the period. Dakota Wealth Management raised its holdings in shares of Cboe Global Markets by 16.5% in the third quarter. Dakota Wealth Management now owns 22,476 shares of the company’s stock worth $4,605,000 after buying an additional 3,181 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Cboe Global Markets by 58.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 4,862 shares of the company’s stock worth $996,000 after acquiring an additional 1,784 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CBOE shares. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Keefe, Bruyette & Woods boosted their price objective on shares of 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. TD Cowen assumed coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price on the stock. Finally, Oppenheimer lifted their price target on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $208.75.

Cboe Global Markets Stock Down 1.0 %

Cboe Global Markets stock traded down $2.17 during trading hours on Friday, reaching $212.82. The stock had a trading volume of 552,279 shares, compared to its average volume of 636,231. The company has a market cap of $22.57 billion, a price-to-earnings ratio of 109.76 and a beta of 0.61. The business’s 50 day moving average price is $209.20 and its 200-day moving average price is $190.20. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. The firm had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 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 10.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.78 EPS. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a share repurchase plan on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to repurchase 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.

Insider Buying and Selling

In other Cboe Global Markets news, EVP Dave Howson sold 5,073 shares of the stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $192.16, for a total value of $974,827.68. Following the completion of the sale, the executive vice president now directly owns 7,573 shares in the company, valued at approximately $1,455,227.68. This trade 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 the SEC website. In other Cboe Global Markets news, EVP Dave Howson sold 5,073 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $192.16, for a total transaction of $974,827.68. Following the sale, the executive vice president now owns 7,573 shares of the company’s stock, valued at approximately $1,455,227.68. 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 at this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $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 13,369 shares of company stock worth $2,687,925 in the last ninety days. 0.51% of the stock is owned by insiders.

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.