Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Quest Partners LLC

Quest Partners LLC lessened its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 44.6% in the third quarter, Holdings Channel.com reports. The fund owned 7,659 shares of the company’s stock after selling 6,163 shares during the quarter. Quest Partners LLC’s holdings in Cboe Global Markets were worth $1,569,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aljian Capital Management LLC acquired a new stake in Cboe Global Markets during the 3rd quarter worth about $222,000. Natixis Advisors LLC increased its position in shares of Cboe Global Markets by 1.3% in the third quarter. Natixis Advisors LLC now owns 92,185 shares of the company’s stock worth $18,886,000 after acquiring an additional 1,211 shares in the last quarter. Empowered Funds LLC raised its holdings in shares of Cboe Global Markets by 2.7% during the third quarter. Empowered Funds LLC now owns 9,082 shares of the company’s stock valued at $1,861,000 after acquiring an additional 243 shares during the period. Empirical Finance LLC lifted its position in shares of Cboe Global Markets by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock valued at $748,000 after acquiring an additional 74 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in Cboe Global Markets by 6.0% in the 3rd quarter. Metis Global Partners LLC now owns 5,414 shares of the company’s stock worth $1,109,000 after purchasing an additional 306 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CBOE. 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. Barclays reduced their price objective on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Piper Sandler raised their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price on the stock. in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft upgraded 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 report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and an average target price of $209.42.

Cboe Global Markets Stock Down 0.4 %

CBOE stock opened at $205.00 on Wednesday. The firm has a market cap of $21.74 billion, a PE ratio of 105.67 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a fifty day simple moving average of $207.80 and a 200 day simple moving average of $193.49. 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 announced its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 earnings per share. Sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 annualized dividend and a yield of 1.23%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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

Insider Activity

In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 of the company’s stock, valued at approximately $8,165,890.95. The trade was a 13.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction that occurred 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 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 15.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,696 shares of company stock valued at $1,591,160 over the last 90 days. 0.51% of the stock is currently owned by company insiders.

About Cboe Global Markets

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.