Cboe Global Markets, Inc. $CBOE Shares Newly Bought by Formidable Asset Management LLC

Formidable Asset Management LLC acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,263 shares of the company’s stock, valued at approximately $623,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CBOE. Verus Capital Partners LLC grew its position in Cboe Global Markets by 2.6% during the third quarter. Verus Capital Partners LLC now owns 1,395 shares of the company’s stock valued at $384,000 after buying an additional 35 shares during the period. AlphaCentric Advisors LLC grew its holdings in Cboe Global Markets by 11.1% in the third quarter. AlphaCentric Advisors LLC now owns 1,203 shares of the company’s stock valued at $331,000 after purchasing an additional 120 shares during the period. Ashton Thomas Private Wealth LLC raised its stake in shares of Cboe Global Markets by 1.1% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,914 shares of the company’s stock worth $802,000 after buying an additional 32 shares during the period. CenterBook Partners LP purchased a new position in shares of Cboe Global Markets during the 3rd quarter valued at approximately $584,000. Finally, Calamos Advisors LLC grew its stake in Cboe Global Markets by 2.5% in the 3rd quarter. Calamos Advisors LLC now owns 85,418 shares of the company’s stock valued at $23,515,000 after acquiring an additional 2,116 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. lifted their target price on shares of Cboe Global Markets from $288.00 to $332.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 28th. Barclays increased their target price on shares of Cboe Global Markets from $343.00 to $392.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. TD Cowen upped their price objective on shares of Cboe Global Markets from $342.00 to $417.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Five investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $363.00.

Cboe Global Markets Stock Performance

BATS CBOE opened at $353.27 on Monday. Cboe Global Markets, Inc. has a one year low of $227.15 and a one year high of $371.18. The firm has a 50 day simple moving average of $298.63 and a 200-day simple moving average of $293.83. The firm has a market cap of $37.47 billion, a price-to-earnings ratio of 182.10 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, October 30th. The company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.43 by $0.20. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $712.20 million during the quarter, compared to the consensus estimate of $705.22 million. During the same quarter in the previous year, the firm posted $2.67 earnings per share. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets declared that its board has approved a share repurchase plan on Thursday, October 22nd that allows the company to buy back $550 million in shares. This repurchase authorization allows the company to buy up to 1.6% of its shares through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Cboe Global Markets’s dividend payout ratio (DPR) 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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.