Cboe Global Markets, Inc. $CBOE Stock: Vise Technologies Inc. Boosts Stake

Vise Technologies Inc. lifted its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 147.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,527 shares of the company’s stock after buying an additional 2,699 shares during the quarter. Vise Technologies Inc.’s holdings in Cboe Global Markets were worth $1,246,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Cidel Asset Management Inc. lifted its holdings in Cboe Global Markets by 6.0% in the third quarter. Cidel Asset Management Inc. now owns 59,783 shares of the company’s stock worth $16,458,000 after acquiring an additional 3,366 shares during the last quarter. Global Assets Advisory LLC boosted its stake in Cboe Global Markets by 19.9% in the third quarter. Global Assets Advisory LLC now owns 2,170 shares of the company’s stock valued at $602,000 after acquiring an additional 360 shares during the period. MGO One Seven LLC grew its holdings in shares of Cboe Global Markets by 9.3% during the third quarter. MGO One Seven LLC now owns 2,096 shares of the company’s stock valued at $577,000 after purchasing an additional 179 shares during the last quarter. Aprio Wealth Management LLC grew its holdings in shares of Cboe Global Markets by 32.1% during the third quarter. Aprio Wealth Management LLC now owns 1,946 shares of the company’s stock valued at $536,000 after purchasing an additional 473 shares during the last quarter. Finally, Modera Wealth Management LLC bought a new position in shares of Cboe Global Markets during the third quarter valued at approximately $207,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CBOE. Loop Capital set a $332.00 price target on Cboe Global Markets in a research report on Wednesday, October 28th. Barclays boosted their price objective on Cboe Global Markets from $343.00 to $392.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. The Goldman Sachs Group downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on Cboe Global Markets from $288.00 to $332.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 28th. Finally, Royal Bank Of Canada increased their target price on Cboe Global Markets from $303.00 to $360.00 and gave the stock a “sector perform” rating in a research report on Friday, October 30th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $363.00.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $353.27 on Friday. The firm’s 50 day moving average is $298.63 and its two-hundred day moving average is $293.83. The firm has a market capitalization of $37.47 billion, a P/E ratio of 182.10 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, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18.

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

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Cboe Global Markets declared that its board has initiated a stock buyback program on Thursday, October 22nd that allows the company to repurchase $550 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 1.6% of its shares through open market purchases. Share repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of Cboe Global Markets 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 sale, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently 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. 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.