Triasima Portfolio Management inc. Sells 13,620 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Triasima Portfolio Management inc. cut its position in Cboe Global Markets, Inc. (BATS:CBOE) by 69.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,120 shares of the company’s stock after selling 13,620 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Cboe Global Markets were worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Caprock Group LLC raised its position in shares of Cboe Global Markets by 630.3% in the second quarter. Caprock Group LLC now owns 21,091 shares of the company’s stock worth $3,587,000 after buying an additional 18,203 shares in the last quarter. Isthmus Partners LLC purchased a new stake in shares of Cboe Global Markets in the 2nd quarter valued at about $109,000. Illinois Municipal Retirement Fund boosted its position in shares of Cboe Global Markets by 387.8% during the 2nd quarter. Illinois Municipal Retirement Fund now owns 53,414 shares of the company’s stock valued at $9,084,000 after acquiring an additional 42,463 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Cboe Global Markets by 66.5% during the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after purchasing an additional 246,442 shares in the last quarter. Finally, National Bank of Canada FI increased its position in shares of Cboe Global Markets by 18.4% in the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after purchasing an additional 5,458 shares during the last quarter. 81.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Barclays lifted their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Finally, Keefe, Bruyette & Woods increased their price objective on 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. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $199.64.

Insider Transactions at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the business’s 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 owns 8,844 shares in the company, valued at approximately $1,886,690.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The shares were 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 approximately $1,886,690.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,261 shares of company stock worth $4,654,822. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 0.3 %

Cboe Global Markets stock traded up $0.53 during trading hours on Friday, reaching $211.15. The company had a trading volume of 752,823 shares, compared to its average volume of 636,231. 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, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The company has a 50-day moving average price of $192.23 and a 200 day moving average price of $184.40. The firm has a market cap of $22.39 billion, a price-to-earnings ratio of 108.84 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. The company had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.78 earnings per share. Equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.19%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date is Friday, August 30th. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets announced that its board has authorized a stock buyback plan on Friday, August 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.