Meitav Investment House Ltd. Cuts Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Meitav Investment House Ltd. lessened its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 84.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,290 shares of the company’s stock after selling 12,810 shares during the quarter. Meitav Investment House Ltd.’s holdings in Cboe Global Markets were worth $390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its holdings in shares of Cboe Global Markets by 9.7% during the second quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after purchasing an additional 63 shares in the last quarter. Marion Wealth Management lifted its stake in Cboe Global Markets by 0.7% during the 1st quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock valued at $1,895,000 after acquiring an additional 76 shares during the period. Motley Fool Asset Management LLC boosted its holdings in shares of Cboe Global Markets by 4.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock valued at $371,000 after acquiring an additional 83 shares during the last quarter. Texas Permanent School Fund Corp grew its stake in shares of Cboe Global Markets by 0.3% in the first quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock worth $4,468,000 after acquiring an additional 84 shares during the period. Finally, Czech National Bank raised its holdings in shares of Cboe Global Markets by 0.5% during the first quarter. Czech National Bank now owns 18,572 shares of the company’s stock valued at $3,412,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was 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 approximately $879,579.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets 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 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 filing with the SEC, which is available at the SEC website. Also, EVP Dave Howson sold 5,073 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $192.16, for a total value of $974,827.68. Following the completion of the sale, the executive vice president now owns 7,573 shares of the company’s stock, valued at $1,455,227.68. The disclosure for this sale can be found here. Insiders have sold a total of 16,639 shares of company stock worth $3,079,461 over the last ninety days. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

BATS CBOE traded down $2.33 on Thursday, reaching $209.02. 745,348 shares of the stock were exchanged, compared to its average volume of 636,231. 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, Inc. has a one year low of $103.82 and a one year high of $139.00. The firm has a market capitalization of $22.17 billion, a PE ratio of 107.73 and a beta of 0.61. The company’s 50-day simple moving average is $186.95 and its two-hundred day simple moving average is $183.30.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same period in the prior year, the company posted $1.78 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

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

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.21%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, August 30th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised 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. Barclays upped their price objective on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Rosenblatt Securities raised their target price on Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and a consensus target price of $199.64.

About Cboe Global Markets

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.