Candriam S.C.A. Sells 54,006 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Candriam S.C.A. lowered its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 77.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 15,719 shares of the company’s stock after selling 54,006 shares during the quarter. Candriam S.C.A.’s holdings in Cboe Global Markets were worth $2,673,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CBOE. FinTrust Capital Advisors LLC increased its position in Cboe Global Markets by 170.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 85 shares during the period. Optiver Holding B.V. purchased a new stake in shares of Cboe Global Markets in the 4th quarter worth about $29,000. ORG Partners LLC bought a new position in shares of Cboe Global Markets in the 2nd quarter worth about $30,000. Redmont Wealth Advisors LLC purchased a new position in Cboe Global Markets during the 1st quarter valued at about $42,000. Finally, Riverview Trust Co bought a new stake in Cboe Global Markets during the first quarter worth about $44,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the sale, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the sale, the chief operating officer now owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,261 shares of company stock valued at $4,654,822. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Barclays lifted their price objective on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their target price 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. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $199.64.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $211.48 on Tuesday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $193.03 and its 200-day moving average price is $184.47. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a market cap of $22.43 billion, a PE ratio of 109.01 and a beta of 0.61.

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

Cboe Global Markets announced that its board has initiated a stock buyback program on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is 98.97%.

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.