DekaBank Deutsche Girozentrale Has $72.20 Million Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

DekaBank Deutsche Girozentrale increased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 423,289 shares of the company’s stock after purchasing an additional 9,307 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cboe Global Markets were worth $72,204,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CBOE. FinTrust Capital Advisors LLC increased its position in shares of Cboe Global Markets by 170.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 85 shares in the last quarter. Optiver Holding B.V. acquired a new stake in Cboe Global Markets in the 4th quarter valued at about $29,000. ORG Partners LLC acquired a new stake in Cboe Global Markets in the 2nd quarter valued at about $30,000. Redmont Wealth Advisors LLC acquired a new stake in Cboe Global Markets in the 1st quarter valued at about $42,000. Finally, Riverview Trust Co acquired a new stake in Cboe Global Markets in the 1st quarter valued at about $44,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 0.0 %

Cboe Global Markets stock opened at $209.62 on Friday. The company’s 50 day simple moving average is $196.23 and its 200 day simple moving average is $185.02. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 108.05 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 (BATS:CBOE) last announced its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating 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 firm had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the previous year, the firm posted $1.78 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.63 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s payout ratio is presently 98.97%.

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

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Barclays raised their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Keefe, Bruyette & Woods lifted 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. Piper Sandler reiterated an “overweight” rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $199.64.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the transaction, the chief operating officer now owns 51,855 shares of the company’s stock, valued at $9,074,625. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Dave Howson sold 2,392 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $188.22, for a total value of $450,222.24. Following the sale, the executive vice president now owns 12,681 shares of the company’s stock, valued at $2,386,817.82. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at approximately $9,074,625. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,261 shares of company stock valued at $4,654,822. 0.51% of the stock is currently owned by corporate 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.