Massachusetts Financial Services Co. MA Has $241.20 Million Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Massachusetts Financial Services Co. MA decreased its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,418,343 shares of the company’s stock after selling 20,764 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.34% of Cboe Global Markets worth $241,203,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC grew its holdings in Cboe Global Markets by 9.1% during the second quarter. Parallel Advisors LLC now owns 1,960 shares of the company’s stock valued at $333,000 after purchasing an additional 163 shares during the period. DekaBank Deutsche Girozentrale grew its holdings in Cboe Global Markets by 2.2% during the second quarter. DekaBank Deutsche Girozentrale now owns 423,289 shares of the company’s stock valued at $72,204,000 after purchasing an additional 9,307 shares during the period. Wambolt & Associates LLC grew its holdings in Cboe Global Markets by 5.8% during the second quarter. Wambolt & Associates LLC now owns 9,540 shares of the company’s stock valued at $1,640,000 after purchasing an additional 519 shares during the period. BOKF NA grew its holdings in Cboe Global Markets by 65,000.0% during the second quarter. BOKF NA now owns 1,953 shares of the company’s stock valued at $332,000 after purchasing an additional 1,950 shares during the period. Finally, Achmea Investment Management B.V. grew its holdings in Cboe Global Markets by 325.3% during the second quarter. Achmea Investment Management B.V. now owns 39,137 shares of the company’s stock valued at $6,656,000 after purchasing an additional 29,934 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $213.68 on Wednesday. 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 company’s fifty day simple moving average is $198.03 and its 200-day simple moving average is $185.21. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The firm has a market cap of $22.66 billion, a PE ratio of 110.14 and a beta of 0.61.

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

Cboe Global Markets declared that its board has approved a stock buyback plan on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.63 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets 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 transaction 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 transaction of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. 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. 0.51% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CBOE. Piper Sandler restated an “overweight” rating and set a $210.00 price objective (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target 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. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Barclays lifted their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Finally, Oppenheimer lifted their price target on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $199.64.

Cboe Global Markets 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.