8,719 Cboe Global Markets, Inc. $CBOE Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. decreased its position in Cboe Global Markets, Inc. (BATS:CBOE) by 41.4% during the third quarter, HoldingsChannel.com reports. The fund owned 12,336 shares of the company’s stock after selling 8,719 shares during the quarter. Alps Advisors Inc.’s holdings in Cboe Global Markets were worth $3,396,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Emerald Investment Advisers LLC purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $3,686,000. Danske Bank A S purchased a new position in Cboe Global Markets in the second quarter worth about $658,000. Quantitative Investment Management LLC purchased a new position in Cboe Global Markets in the second quarter worth about $1,636,000. Bleakley Financial Group LLC purchased a new position in Cboe Global Markets in the first quarter worth about $3,831,000. Finally, Integrated Wealth Concepts LLC increased its stake in Cboe Global Markets by 316.8% during the second quarter. Integrated Wealth Concepts LLC now owns 8,681 shares of the company’s stock worth $2,107,000 after acquiring an additional 6,598 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $352.78 on Tuesday. The company has a market capitalization of $37.42 billion, a price-to-earnings ratio of 181.85 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The firm’s 50-day moving average is $299.48 and its 200 day moving average is $294.22. 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 posted its quarterly earnings data on Friday, October 30th. The company reported $3.63 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $0.20. The company had revenue of $712.20 million for the quarter, compared to analyst estimates of $705.22 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 17.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.67 EPS. Research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets announced that its board has authorized a share repurchase program on Thursday, October 22nd that allows the company to buy back $550 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 1.6% of its shares through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a dividend of $0.86 per share. 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 currently 98.97%.

Insider Activity at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Cboe Global Markets from $288.00 to $332.00 and gave the company an “underweight” rating in a research report on Wednesday, October 28th. Wells Fargo & Company lifted their target price on Cboe Global Markets from $309.00 to $357.00 and gave the stock an “equal weight” rating in a report on Monday, November 2nd. Piper Sandler cut their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Morgan Stanley reissued an “overweight” rating and set a $450.00 target price on shares of Cboe Global Markets in a research report on Friday, October 23rd. Finally, Royal Bank Of Canada raised their price target 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 equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $363.00.

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.