Cboe Global Markets, Inc. $CBOE Shares Acquired by Yousif Capital Management LLC

Yousif Capital Management LLC increased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 431.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 66,461 shares of the company’s stock after acquiring an additional 53,946 shares during the quarter. Yousif Capital Management LLC’s holdings in Cboe Global Markets were worth $18,296,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. BIP Wealth LLC lifted its stake in Cboe Global Markets by 14.7% during the third quarter. BIP Wealth LLC now owns 2,384 shares of the company’s stock valued at $656,000 after buying an additional 306 shares in the last quarter. OLD Second National Bank of Aurora increased its position in shares of Cboe Global Markets by 5,245.4% in the third quarter. OLD Second National Bank of Aurora now owns 26,727 shares of the company’s stock worth $7,358,000 after acquiring an additional 26,227 shares in the last quarter. Strategic Planning Group LLC increased its position in shares of Cboe Global Markets by 6.6% in the third quarter. Strategic Planning Group LLC now owns 65,787 shares of the company’s stock worth $18,111,000 after acquiring an additional 4,094 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of Cboe Global Markets during the third quarter valued at approximately $1,371,000. Finally, Isthmus Partners LLC raised its holdings in shares of Cboe Global Markets by 210.4% during the third quarter. Isthmus Partners LLC now owns 174,135 shares of the company’s stock valued at $47,938,000 after acquiring an additional 118,031 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Janet Froetscher sold 937 shares of the stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Up 3.9%

Cboe Global Markets stock traded up $12.70 during trading hours on Friday, hitting $340.42. The company had a trading volume of 1,864,590 shares, compared to its average volume of 1,133,320. The firm has a market capitalization of $36.11 billion, a P/E ratio of 175.48 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s fifty day moving average is $291.19 and its 200-day moving average is $294.65. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. The company had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the business posted $2.46 EPS. On average, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets announced that its board has authorized a share buyback program on Thursday, October 22nd that permits the company to repurchase $550.00 million in shares. This buyback authorization permits the company to repurchase up to 1.6% of its stock through open market purchases. Share buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a $0.86 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler cut their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Wells Fargo & Company lifted their price target on Cboe Global Markets from $301.00 to $309.00 and gave the company an “equal weight” rating in a report on Wednesday, October 14th. Barclays lowered their price target on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating on the stock in a report on Wednesday, October 7th. Loop Capital set a $343.00 price target on Cboe Global Markets in a research report on Wednesday, October 7th. Finally, Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $330.27.

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.