Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 30.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,965 shares of the company’s stock after selling 22,236 shares during the quarter. Toronto Dominion Bank’s holdings in Cboe Global Markets were worth $8,837,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. increased its stake in shares of Cboe Global Markets by 9.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after purchasing an additional 63 shares in the last quarter. Marion Wealth Management increased its position in shares of Cboe Global Markets by 0.7% in the first quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock valued at $1,895,000 after buying an additional 76 shares in the last quarter. Kendall Capital Management raised its stake in shares of Cboe Global Markets by 0.9% during the 2nd quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock worth $1,600,000 after buying an additional 80 shares during the period. Motley Fool Asset Management LLC lifted its position in shares of Cboe Global Markets by 4.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock valued at $371,000 after buying an additional 83 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its stake in Cboe Global Markets by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock valued at $4,468,000 after acquiring an additional 84 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 2,392 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $188.22, for a total transaction of $450,222.24. Following the completion of the sale, the executive vice president now 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 available through this hyperlink. In other Cboe Global Markets news, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $188.22, for a total value of $450,222.24. Following the transaction, the executive vice president now owns 12,681 shares of the company’s stock, valued at $2,386,817.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated 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 owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,261 shares of company stock worth $3,604,822. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CBOE shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price target for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Piper Sandler reiterated an “overweight” rating and set a $210.00 price objective (up from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Barclays raised their target price on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Finally, 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 report on Monday, August 5th. Nine research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $201.62.

Cboe Global Markets Stock Down 1.4 %

Shares of BATS:CBOE opened at $202.60 on Friday. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The stock has a market cap of $21.49 billion, a P/E ratio of 104.43 and a beta of 0.61. The business has a fifty day moving average of $202.98 and a two-hundred day moving average of $186.36. 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 (BATS:CBOE) last announced its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the prior year, the firm posted $1.78 earnings per share. Cboe Global Markets’s quarterly revenue was up 10.0% on a year-over-year basis. On average, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets declared that its board has approved a stock repurchase program on Friday, August 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership 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. Stockholders of record on Friday, August 30th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s payout ratio is presently 98.97%.

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.