Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 0.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 170,539 shares of the company’s stock after selling 465 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Cboe Global Markets were worth $29,002,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC increased its position in Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after buying an additional 85 shares in the last quarter. Optiver Holding B.V. acquired a new position in shares of Cboe Global Markets during the fourth quarter worth about $29,000. ORG Partners LLC acquired a new position in shares of Cboe Global Markets during the second quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth about $42,000. Finally, Riverview Trust Co acquired a new position in shares of Cboe Global Markets during the first quarter worth about $44,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent analyst reports. Oppenheimer boosted their price target on Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 target price (up from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. Barclays upped their target price on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $199.64.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the transaction, the executive vice president now owns 4,328 shares of the company’s stock, valued at $879,579.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Dave Howson sold 2,392 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $188.22, for a total value of $450,222.24. Following the completion of the sale, the executive vice president now directly owns 12,681 shares of the company’s stock, valued at $2,386,817.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the sale, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at $879,579.44. The disclosure for this sale can be found here. Insiders have sold 18,261 shares of company stock worth $3,604,822 over the last three months. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $208.21 on Friday. The company’s fifty day moving average is $200.35 and its two-hundred day moving average is $185.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. 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 cap of $22.08 billion, a P/E ratio of 107.33 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. During the same period in the previous year, the company earned $1.78 EPS. The firm’s revenue was up 10.0% on a year-over-year basis. Equities analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.21%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets declared that its Board of Directors has initiated 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 buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

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.