Prospector Partners LLC Purchases 180 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Prospector Partners LLC raised its position in Cboe Global Markets, Inc. (BATS:CBOE) by 0.3% in the 3rd quarter, Holdings Channel reports. The firm owned 55,430 shares of the company’s stock after buying an additional 180 shares during the period. Prospector Partners LLC’s holdings in Cboe Global Markets were worth $11,356,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Tandem Investment Advisors Inc. increased its position in shares of Cboe Global Markets by 4.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock valued at $142,037,000 after buying an additional 35,336 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in Cboe Global Markets by 8.4% in the third quarter. Los Angeles Capital Management LLC now owns 668,834 shares of the company’s stock valued at $137,024,000 after acquiring an additional 51,793 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Cboe Global Markets by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock worth $96,367,000 after acquiring an additional 55,876 shares in the last quarter. Marshall Wace LLP raised its position in shares of Cboe Global Markets by 306.6% during the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock worth $90,785,000 after purchasing an additional 402,547 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of Cboe Global Markets by 36.2% during the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after purchasing an additional 132,833 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Royal Bank of Canada restated a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a report on Monday, November 4th. Barclays reduced their target price 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 lifted their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, Morgan Stanley cut Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective for the company. in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $209.42.

Cboe Global Markets Trading Up 0.0 %

Shares of Cboe Global Markets stock opened at $213.29 on Tuesday. The stock has a market cap of $22.62 billion, a P/E ratio of 109.94 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The business’s 50 day moving average is $207.83 and its 200-day moving average is $194.27.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.03. The business had revenue of $532.00 million during 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%. Cboe Global Markets’s revenue was up 10.7% on a year-over-year basis. During the same period last year, the business posted $2.06 EPS. Equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a share buyback program on Friday, August 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The trade was a 15.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction dated 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 directly owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 13.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by 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.