Mount Lucas Management LP Sells 5,950 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Mount Lucas Management LP lowered its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 42.8% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 7,943 shares of the company’s stock after selling 5,950 shares during the period. Mount Lucas Management LP’s holdings in Cboe Global Markets were worth $1,627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CBOE. National Bank of Canada FI boosted its holdings in Cboe Global Markets by 18.4% in the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after purchasing an additional 5,458 shares during the last quarter. Americana Partners LLC boosted its stake in shares of Cboe Global Markets by 3.8% in the 2nd quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after buying an additional 90 shares during the last quarter. XTX Topco Ltd purchased a new stake in Cboe Global Markets during the second quarter valued at $1,359,000. Burney Co. lifted its holdings in Cboe Global Markets by 59.9% in the second quarter. Burney Co. now owns 5,609 shares of the company’s stock valued at $954,000 after acquiring an additional 2,102 shares during the period. Finally, Swedbank AB boosted its position in Cboe Global Markets by 305.2% in the third quarter. Swedbank AB now owns 94,392 shares of the company’s stock worth $19,338,000 after purchasing an additional 71,097 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 1.1 %

Shares of CBOE opened at $200.71 on Friday. The firm has a market cap of $21.29 billion, a P/E ratio of 103.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a 50 day simple moving average of $208.04 and a two-hundred day simple moving average of $193.00.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, beating the consensus estimate 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 net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the company posted $2.06 earnings per share. On average, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.26%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets announced that its Board of Directors has initiated a share repurchase program on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

Several brokerages recently issued reports on CBOE. Barclays cut their target price on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price target for the company from $212.00 to $222.00 in a report on Monday, November 11th. TD Cowen initiated coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $209.42.

Insider Activity

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. This represents a 13.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The trade was a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,696 shares of company stock worth $1,591,160. 0.51% of the stock is currently owned by 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.