Empirical Finance LLC Increases Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Empirical Finance LLC boosted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,649 shares of the company’s stock after buying an additional 74 shares during the period. Empirical Finance LLC’s holdings in Cboe Global Markets were worth $748,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Metis Global Partners LLC raised its stake in shares of Cboe Global Markets by 6.0% in the third quarter. Metis Global Partners LLC now owns 5,414 shares of the company’s stock valued at $1,109,000 after acquiring an additional 306 shares during the period. Zions Bancorporation N.A. raised its position in Cboe Global Markets by 25.0% in the 3rd quarter. Zions Bancorporation N.A. now owns 2,053 shares of the company’s stock worth $421,000 after purchasing an additional 410 shares during the period. KBC Group NV lifted its stake in Cboe Global Markets by 14.1% in the third quarter. KBC Group NV now owns 23,419 shares of the company’s stock worth $4,798,000 after purchasing an additional 2,890 shares during the last quarter. D Orazio & Associates Inc. purchased a new position in shares of Cboe Global Markets during the third quarter valued at approximately $237,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Cboe Global Markets by 1.9% during the third quarter. Oppenheimer & Co. Inc. now owns 9,471 shares of the company’s stock valued at $1,940,000 after buying an additional 179 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CBOE shares. Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price target for the stock from $212.00 to $222.00 in a research note on Monday, November 11th. Barclays lowered their price objective on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Finally, Morgan Stanley downgraded shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target for the company. in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $209.42.

Cboe Global Markets Stock Up 1.1 %

Shares of BATS CBOE opened at $200.71 on Friday. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The stock’s fifty day simple moving average is $208.04 and its two-hundred day simple moving average is $193.00. The stock has a market capitalization of $21.29 billion, a PE ratio of 103.46 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 (BATS:CBOE) last issued its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $530.46 million. During the same quarter last year, the company earned $2.06 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company 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 1.26%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets declared that its Board of Directors has initiated a share buyback plan on Friday, August 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 13.08 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 15.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,696 shares of company stock worth $1,591,160 in the last 90 days. 0.51% of the stock is owned by corporate insiders.

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.