Prospector Partners LLC Acquires 180 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Prospector Partners LLC boosted its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 55,430 shares of the company’s stock after purchasing an additional 180 shares during the quarter. Prospector Partners LLC owned about 0.05% of Cboe Global Markets worth $11,356,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ORG Partners LLC bought a new stake in shares of Cboe Global Markets in the second quarter valued at about $30,000. Friedenthal Financial bought a new stake in shares of Cboe Global Markets in the 3rd quarter worth approximately $49,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $51,000. GPS Wealth Strategies Group LLC grew its holdings in shares of Cboe Global Markets by 59.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after purchasing an additional 123 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of Cboe Global Markets during the third quarter valued at approximately $74,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Transactions at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the business’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 transaction 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 transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by corporate insiders.

Cboe Global Markets Stock Up 0.0 %

Shares of BATS:CBOE opened at $213.29 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $22.62 billion, a P/E ratio of 109.94 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The company’s 50-day moving average price is $207.83 and its two-hundred day moving average price is $194.27.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $530.46 million. During the same period in the prior year, the firm earned $2.06 earnings per share. Cboe Global Markets’s revenue was up 10.7% compared to the same quarter last year. As a group, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets declared that its board has authorized a stock repurchase plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.63 per share. 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 1.18%. Cboe Global Markets’s payout ratio is currently 98.97%.

Analyst Ratings Changes

Several brokerages recently commented on CBOE. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research report on Monday, November 4th. TD Cowen initiated coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price on the stock. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Barclays cut their price target on shares of 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. Finally, Oppenheimer increased their target price on 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 assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $209.42.

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.