Renaissance Technologies LLC Trims Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Renaissance Technologies LLC cut its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 1,874,724 shares of the company’s stock after selling 107,500 shares during the quarter. Cboe Global Markets makes up approximately 0.5% of Renaissance Technologies LLC’s investment portfolio, making the stock its 17th biggest position. Renaissance Technologies LLC’s holdings in Cboe Global Markets were worth $318,816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBOE. FinTrust Capital Advisors LLC boosted its stake in Cboe Global Markets by 170.0% in 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. bought a new position in Cboe Global Markets in the 4th quarter worth about $29,000. ORG Partners LLC bought a new position in Cboe Global Markets in the 2nd quarter worth about $30,000. Redmont Wealth Advisors LLC bought a new position in Cboe Global Markets in the 1st quarter worth about $42,000. Finally, Riverview Trust Co bought a new position in Cboe Global Markets during the 1st quarter valued at about $44,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on CBOE shares. Barclays upped their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price 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. Oppenheimer upped their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upgraded 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. Finally, Piper Sandler reaffirmed 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. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $199.64.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the sale, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, 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 directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Catherine R. Clay sold 600 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the transaction, the executive vice president now owns 4,328 shares of the company’s stock, valued at $879,579.44. The disclosure for this sale can be found here. Insiders sold a total of 24,261 shares of company stock valued at $4,654,822 in the last three months. 0.51% of the stock is currently owned by corporate insiders.

Cboe Global Markets Trading Down 0.1 %

Cboe Global Markets stock opened at $209.59 on Monday. The firm has a 50 day moving average of $196.23 and a 200 day moving average of $184.88. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 108.04 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 has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) 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 business had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. During the same period last year, the firm posted $1.78 EPS. The company’s revenue was up 10.0% on a year-over-year basis. As a group, research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

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

Cboe Global Markets announced that its Board of Directors has initiated a share repurchase program on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership 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.