Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Benedict Financial Advisors Inc.

Benedict Financial Advisors Inc. decreased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 3.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,900 shares of the company’s stock after selling 342 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in Cboe Global Markets were worth $2,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FinTrust Capital Advisors LLC raised its position in shares of Cboe Global Markets by 170.0% in the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after acquiring an additional 85 shares during the period. ORG Partners LLC acquired a new position in Cboe Global Markets in the 2nd quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new position in Cboe Global Markets during the first quarter worth approximately $42,000. Friedenthal Financial acquired a new stake in Cboe Global Markets in the third quarter valued at approximately $49,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $51,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, COO Christopher A. Isaacson sold 6,000 shares of the 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 owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $346,021.26. Following the completion of the sale, the chief financial officer now directly 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 disclosure for this sale can be found here. Over the last three months, insiders sold 13,369 shares of company stock worth $2,687,925. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Down 1.0 %

Shares of BATS CBOE traded down $2.17 during trading on Friday, hitting $212.82. 552,279 shares of the company were exchanged, compared to its average volume of 636,231. 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, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The company has a fifty day moving average price of $209.20 and a 200-day moving average price of $190.20. The firm has a market capitalization of $22.57 billion, a PE ratio of 109.76 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. During the same period in the previous year, the firm earned $1.78 earnings per share. Cboe Global Markets’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets announced that its board has initiated a stock buyback plan on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the company from $168.00 to $195.00 in a research report on Monday, August 5th. TD Cowen started coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price on the stock. Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research note on Friday, October 4th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $208.75.

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.