Embree Financial Group Sells 104 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Embree Financial Group reduced its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 0.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,553 shares of the company’s stock after selling 104 shares during the quarter. Cboe Global Markets comprises 1.3% of Embree Financial Group’s holdings, making the stock its 19th biggest holding. Embree Financial Group’s holdings in Cboe Global Markets were worth $7,079,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Regal Investment Advisors LLC boosted its holdings in shares of Cboe Global Markets by 0.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock valued at $3,788,000 after buying an additional 56 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of Cboe Global Markets by 9.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after acquiring an additional 63 shares during the period. Kendall Capital Management grew its position in shares of Cboe Global Markets by 0.9% in the 2nd quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after acquiring an additional 80 shares during the period. Motley Fool Asset Management LLC increased its stake in shares of Cboe Global Markets by 4.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock worth $371,000 after purchasing an additional 83 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its holdings in shares of Cboe Global Markets by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock valued at $4,468,000 after purchasing an additional 84 shares during the period. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Stock Down 0.1 %

CBOE opened at $209.28 on Friday. The stock has a fifty day moving average of $208.15 and a 200-day moving average of $189.12. The company has a market capitalization of $22.20 billion, a P/E ratio of 107.87 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

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

Cboe Global Markets declared that its board has approved a share repurchase program on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.63 per share. The ex-dividend date was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insiders Place Their Bets

In other news, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $188.22, for a total transaction of $450,222.24. Following the completion of the sale, the executive vice president now directly owns 12,681 shares in the company, valued at approximately $2,386,817.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Dave Howson sold 2,392 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $188.22, for a total value of $450,222.24. Following the completion of the transaction, the executive vice president now directly owns 12,681 shares in the company, valued at approximately $2,386,817.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the company’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 sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,261 shares of company stock worth $3,604,822 in the last 90 days. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CBOE. TD Cowen started coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 price target for the company. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Piper Sandler raised their price target on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $208.75.

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.