Vinland Capital Management Gestora de Recursos LTDA. Has $895,000 Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Vinland Capital Management Gestora de Recursos LTDA. trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 62.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,370 shares of the company’s stock after selling 7,410 shares during the period. Cboe Global Markets comprises 2.1% of Vinland Capital Management Gestora de Recursos LTDA.’s holdings, making the stock its 12th biggest position. Vinland Capital Management Gestora de Recursos LTDA.’s holdings in Cboe Global Markets were worth $895,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Solidarity Wealth LLC lifted its holdings in Cboe Global Markets by 0.8% during the 3rd quarter. Solidarity Wealth LLC now owns 15,921 shares of the company’s stock worth $3,262,000 after purchasing an additional 129 shares during the last quarter. Pinnacle Associates Ltd. acquired a new stake in Cboe Global Markets during the 3rd quarter worth approximately $280,000. First Trust Direct Indexing L.P. lifted its holdings in Cboe Global Markets by 16.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 3,574 shares of the company’s stock worth $732,000 after purchasing an additional 505 shares during the last quarter. abrdn plc lifted its holdings in Cboe Global Markets by 6.9% during the 3rd quarter. abrdn plc now owns 43,072 shares of the company’s stock worth $8,746,000 after purchasing an additional 2,769 shares during the last quarter. Finally, Smith Group Asset Management LLC lifted its holdings in Cboe Global Markets by 3.2% during the 3rd quarter. Smith Group Asset Management LLC now owns 113,303 shares of the company’s stock worth $23,212,000 after purchasing an additional 3,529 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CBOE. Barclays lifted their price target on Cboe Global Markets from $218.00 to $239.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. TD Cowen assumed 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. Piper Sandler lifted their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Oppenheimer lifted their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Keefe, Bruyette & Woods lifted 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. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $208.75.

Cboe Global Markets Trading Down 1.2 %

Shares of CBOE opened at $209.62 on Thursday. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The business’s fifty day moving average is $209.57 and its 200-day moving average is $190.98. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 108.45 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05. The company had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 EPS. Equities 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 given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets declared that its Board of Directors has initiated a share repurchase plan on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was 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 in the company, valued at approximately $1,886,690.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jill Griebenow sold 1,622 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,369 shares of company stock worth $2,687,925. Insiders own 0.51% of the company’s stock.

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.