Catalyst Capital Advisors LLC Lowers Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Catalyst Capital Advisors LLC cut its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 31.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 636 shares of the company’s stock after selling 289 shares during the period. Catalyst Capital Advisors LLC’s holdings in Cboe Global Markets were worth $130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Marshall Wace LLP boosted its stake in shares of Cboe Global Markets by 306.6% during the 2nd quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock worth $90,785,000 after acquiring an additional 402,547 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake 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 valued at $104,934,000 after buying an additional 246,442 shares in the last quarter. Raymond James & Associates lifted its stake in Cboe Global Markets by 311.3% in the 3rd quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock valued at $47,413,000 after buying an additional 175,159 shares in the last quarter. TD Asset Management Inc lifted its stake in Cboe Global Markets by 36.2% in the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after buying an additional 132,833 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Cboe Global Markets by 1,044.9% in the 2nd quarter. Squarepoint Ops LLC now owns 119,673 shares of the company’s stock valued at $20,352,000 after buying an additional 109,220 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CBOE has been the subject of several analyst reports. Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Oppenheimer upped their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft lowered their price target on Cboe Global Markets from $214.00 to $212.00 and set a “hold” rating for the company in a report on Monday. 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 Monday. Finally, Barclays lowered their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $208.58.

Cboe Global Markets Stock Performance

CBOE opened at $212.37 on Wednesday. The business’s 50 day moving average is $209.57 and its 200-day moving average is $191.79. The stock has a market cap of $22.52 billion, a PE ratio of 109.47 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 twelve month low of $103.82 and a twelve month high of $139.00.

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. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $530.46 million. During the same quarter in the previous year, the company earned $2.06 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 annualized dividend and a yield of 1.19%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets declared that its board has authorized a share buyback program on Friday, August 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the sale, the chief financial officer now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,696 shares of company stock worth $1,591,160. Corporate insiders own 0.51% of the company’s stock.

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.