Kentucky Retirement Systems Insurance Trust Fund Sells 294 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 8.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,098 shares of the company’s stock after selling 294 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Cboe Global Markets were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in CBOE. ORG Partners LLC acquired a new stake in Cboe Global Markets during the second quarter worth about $30,000. Friedenthal Financial bought a new stake in shares of Cboe Global Markets during the 3rd quarter worth approximately $49,000. Ashton Thomas Private Wealth LLC bought a new position in Cboe Global Markets in the second quarter valued at approximately $51,000. GPS Wealth Strategies Group LLC raised its position in Cboe Global Markets by 59.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after purchasing an additional 123 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new stake in Cboe Global Markets during the third quarter worth $74,000. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Trading Up 2.5 %

Shares of CBOE stock opened at $205.70 on Tuesday. The stock has a 50-day moving average of $207.93 and a 200-day moving average of $193.31. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $21.82 billion, a price-to-earnings ratio of 106.03 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 quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 million. During the same quarter last year, the business earned $2.06 EPS. The company’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 annualized dividend and a yield of 1.23%. Cboe Global Markets’s payout ratio is 98.97%.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on CBOE shares. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price target for the stock from $212.00 to $222.00 in a report on Monday, November 11th. Barclays dropped 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 report on Monday, November 4th. Keefe, Bruyette & Woods lifted 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 report on Monday, August 5th. TD Cowen assumed coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective for the company. Finally, Piper Sandler boosted their target price on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $209.42.

Insider Buying and Selling at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the sale, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. This represents a 13.08 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This represents a 15.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,696 shares of company stock valued at $1,591,160. 0.51% of the stock is currently owned by insiders.

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.