Ashton Thomas Securities LLC Takes $221,000 Position in Cboe Global Markets, Inc. (BATS:CBOE)

Ashton Thomas Securities LLC acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,079 shares of the company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. ORG Partners LLC bought a new position in shares of Cboe Global Markets during the second quarter valued at about $30,000. Friedenthal Financial bought a new position in shares of Cboe Global Markets during the third quarter valued at about $49,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Cboe Global Markets during the second quarter valued at about $51,000. GPS Wealth Strategies Group LLC raised its stake in shares of Cboe Global Markets by 59.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after acquiring an additional 123 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new position in shares of Cboe Global Markets during the third quarter valued at about $74,000. 81.73% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Barclays decreased 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. Oppenheimer increased their price target on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Royal Bank of Canada reissued a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a research note on Monday, November 4th. Piper Sandler increased their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley downgraded shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price target for the company. in a research note on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $209.42.

Insider Activity at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the 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 transaction, the chief financial officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Cboe Global Markets 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 value of $1,229,340.00. Following the transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction that occurred 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,696 shares of company stock worth $1,591,160 over the last quarter. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 1.3 %

BATS:CBOE opened at $199.43 on Tuesday. The company’s 50 day moving average price is $209.01 and its 200-day moving average price is $192.56. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. 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 stock has a market cap of $21.15 billion, a price-to-earnings ratio of 102.80 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $530.46 million. During the same quarter in the prior year, the company posted $2.06 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a 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 approved a stock buyback plan on Friday, August 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.