Cboe Global Markets, Inc. (BATS:CBOE) Position Reduced by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. reduced its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 7.4% in the second quarter, HoldingsChannel.com reports. The firm owned 46,089 shares of the company’s stock after selling 3,698 shares during the period. Royal London Asset Management Ltd.’s holdings in Cboe Global Markets were worth $7,838,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FinTrust Capital Advisors LLC grew its stake in shares of Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 85 shares during the last quarter. Optiver Holding B.V. acquired a new position in Cboe Global Markets in the fourth quarter worth approximately $29,000. ORG Partners LLC bought a new position in shares of Cboe Global Markets in the second quarter valued at $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter valued at $42,000. Finally, Riverview Trust Co bought a new stake in shares of Cboe Global Markets during the 1st quarter worth $44,000. 81.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CBOE shares. Oppenheimer boosted their target price on Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Barclays lifted their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Finally, Keefe, Bruyette & Woods boosted 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 note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $199.64.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $209.62 on Friday. The firm has a market cap of $22.23 billion, a price-to-earnings ratio of 108.05 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. 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 business has a fifty day simple moving average of $196.23 and a 200 day simple moving average of $185.02.

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 analysts’ consensus estimates 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 company had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same period last year, the business earned $1.78 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.63 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.20%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets declared that its Board of Directors has approved a stock repurchase program on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction 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 directly owns 8,844 shares in the company, valued at $1,886,690.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,261 shares of company stock worth $4,654,822. 0.51% of the stock is owned by corporate 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.