Cboe Global Markets, Inc. (BATS:CBOE) Stock Holdings Lowered by Pitcairn Co.

Pitcairn Co. cut its position in Cboe Global Markets, Inc. (BATS:CBOE) by 21.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,780 shares of the company’s stock after selling 1,555 shares during the quarter. Pitcairn Co.’s holdings in Cboe Global Markets were worth $1,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. raised its stake in shares of Cboe Global Markets by 31.9% during the first quarter. Bessemer Group Inc. now owns 760 shares of the company’s stock valued at $140,000 after purchasing an additional 184 shares in the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Cboe Global Markets by 51.2% in the 1st quarter. Advisors Asset Management Inc. now owns 9,786 shares of the company’s stock worth $1,798,000 after acquiring an additional 3,313 shares during the period. 1832 Asset Management L.P. lifted its stake in shares of Cboe Global Markets by 9.2% in the 1st quarter. 1832 Asset Management L.P. now owns 14,320 shares of the company’s stock worth $2,631,000 after acquiring an additional 1,209 shares during the period. Motley Fool Asset Management LLC boosted its holdings in shares of Cboe Global Markets by 5.1% in the first quarter. Motley Fool Asset Management LLC now owns 2,037 shares of the company’s stock valued at $374,000 after acquiring an additional 99 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Cboe Global Markets by 7.2% during the first quarter. Tidal Investments LLC now owns 13,541 shares of the company’s stock valued at $2,488,000 after acquiring an additional 904 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’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 value of $1,229,340.00. Following the completion of the sale, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 13.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction 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 completion of the transaction, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. This trade represents a 15.50 % decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CBOE. Barclays decreased their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Keefe, Bruyette & Woods raised their target price 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. TD Cowen initiated coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research report on Monday, November 4th. Finally, Oppenheimer boosted their target price on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $209.42.

Cboe Global Markets Stock Up 1.1 %

Shares of BATS:CBOE opened at $213.26 on Monday. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 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. The company has a market cap of $22.62 billion, a PE ratio of 109.93 and a beta of 0.61. The firm has a 50 day simple moving average of $207.83 and a 200 day simple moving average of $194.05.

Cboe Global Markets (BATS:CBOE) last released 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 for the quarter, compared to analysts’ expectations of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.06 EPS. As a group, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets declared that its Board of Directors has initiated a stock buyback plan on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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.