Cboe Global Markets, Inc. (BATS:CBOE) COO Christopher A. Isaacson Sells 6,000 Shares

Cboe Global Markets, Inc. (BATS:CBOE) COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the transaction, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Cboe Global Markets Stock Performance

BATS CBOE opened at $210.58 on Friday. The stock’s 50 day simple moving average is $191.41 and its 200-day simple moving average is $184.28. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market cap of $22.33 billion, a PE ratio of 108.55 and a beta of 0.61. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The business had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue was up 10.0% on a year-over-year basis. During the same period last year, the company posted $1.78 EPS. As a group, equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

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

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

Hedge Funds Weigh In On Cboe Global Markets

A number of hedge funds have recently modified their holdings of the business. Norges Bank purchased a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $226,557,000. Charles Schwab Investment Management Inc. boosted its position in shares of Cboe Global Markets by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 847,186 shares of the company’s stock worth $151,274,000 after buying an additional 16,224 shares during the period. Tandem Investment Advisors Inc. grew its stake in shares of Cboe Global Markets by 4.4% in the second 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 raised its holdings in shares of Cboe Global Markets by 66.5% in the 2nd quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after buying an additional 246,442 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in Cboe Global Markets by 10.9% during the 2nd 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. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Barclays lifted their price target on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Oppenheimer upped their price objective on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.