Raymond James Trust N.A. Makes New $228,000 Investment in Cboe Global Markets, Inc. (BATS:CBOE)

Raymond James Trust N.A. purchased a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 1,112 shares of the company’s stock, valued at approximately $228,000.

A number of other institutional investors have also modified their holdings of the business. ORG Partners LLC acquired a new position in shares of Cboe Global Markets during the second quarter valued at $30,000. Friedenthal Financial acquired a new position in Cboe Global Markets during the 3rd quarter valued at about $49,000. Ashton Thomas Private Wealth LLC bought a new position in Cboe Global Markets in the 2nd quarter worth about $51,000. GPS Wealth Strategies Group LLC increased its stake in shares of Cboe Global Markets by 59.1% in 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 during the period. Finally, Intact Investment Management Inc. bought a new stake in shares of Cboe Global Markets during the third quarter valued at approximately $74,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Oppenheimer increased their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada reissued a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a research note on Monday, November 4th. Piper Sandler lifted their price objective on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods increased their target price 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. Finally, Morgan Stanley cut shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price on the stock. in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average target price of $209.42.

Cboe Global Markets Stock Up 0.3 %

BATS CBOE opened at $217.84 on Friday. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The company has a market capitalization of $23.10 billion, a P/E ratio of 112.29 and a beta of 0.61. The company’s 50 day simple moving average is $208.04 and its 200 day simple moving average is $194.69. 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 (BATS:CBOE) last posted 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 for the quarter, compared to analyst estimates of $530.46 million. During the same quarter in the previous year, the business posted $2.06 earnings per share. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s dividend payout ratio is 98.97%.

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

Insider Activity at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the company’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 sale, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 15.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 39,855 shares in the company, valued at approximately $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 currently owned by corporate insiders.

Cboe Global Markets Company 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.