Ceredex Value Advisors LLC Reduces Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Ceredex Value Advisors LLC lessened its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 45.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 121,100 shares of the company’s stock after selling 99,900 shares during the quarter. Ceredex Value Advisors LLC owned approximately 0.11% of Cboe Global Markets worth $24,810,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. National Bank of Canada FI grew its holdings in Cboe Global Markets by 18.4% during the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock valued at $6,026,000 after purchasing an additional 5,458 shares during the period. Nordea Investment Management AB increased its stake in shares of Cboe Global Markets by 15.2% in the 1st quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock valued at $76,935,000 after purchasing an additional 55,859 shares in the last quarter. Americana Partners LLC increased its position in shares of Cboe Global Markets by 3.8% during the second quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after purchasing an additional 90 shares in the last quarter. XTX Topco Ltd acquired a new position in Cboe Global Markets in the 2nd quarter valued at about $1,359,000. Finally, Burney Co. raised its position in Cboe Global Markets by 59.9% in the second quarter. Burney Co. now owns 5,609 shares of the company’s stock valued at $954,000 after purchasing an additional 2,102 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 1.7 %

Shares of BATS:CBOE opened at $210.00 on Friday. 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, Inc. has a one year low of $103.82 and a one year high of $139.00. The company has a 50 day moving average of $209.64 and a 200-day moving average of $191.36. The stock has a market cap of $22.27 billion, a price-to-earnings ratio of 108.21 and a beta of 0.61.

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

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

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a yield of 1.20%. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at approximately $879,579.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares in the company, valued at $879,579.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the firm’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 transaction, the chief financial officer now owns 8,844 shares of the company’s stock, 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 quarter, insiders have sold 8,296 shares of company stock valued at $1,713,098. 0.51% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CBOE. Piper Sandler lifted their target price on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. TD Cowen initiated coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upped their target price on 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. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $208.75.

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.