Inspire Investing LLC Sells 144 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Inspire Investing LLC lowered its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 9.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,390 shares of the company’s stock after selling 144 shares during the period. Inspire Investing LLC’s holdings in Cboe Global Markets were worth $285,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CBOE. FinTrust Capital Advisors LLC grew its position 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 valued at $25,000 after buying an additional 85 shares during the last quarter. ORG Partners LLC bought a new stake in Cboe Global Markets in the second quarter valued at approximately $30,000. Redmont Wealth Advisors LLC acquired a new stake in Cboe Global Markets during the 1st quarter valued at approximately $42,000. Riverview Trust Co bought a new position in Cboe Global Markets during the 1st quarter worth approximately $44,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter worth approximately $51,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CBOE shares. TD Cowen initiated coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on 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 raised their target price on Cboe Global Markets from $218.00 to $239.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Finally, Oppenheimer raised their price objective on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $208.75.

Insider Activity at Cboe Global Markets

In related news, EVP Dave Howson sold 2,500 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the sale, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at approximately $2,813,676.91. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the sale, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at approximately $2,813,676.91. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares in the company, valued at approximately $879,579.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,261 shares of company stock valued at $3,604,822 over the last 90 days. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE opened at $209.28 on Friday. The stock has a market cap of $22.20 billion, a P/E ratio of 107.87 and a beta of 0.61. The business’s fifty day moving average is $208.15 and its 200 day moving average is $189.12. 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.

Cboe Global Markets (BATS:CBOE) last issued 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 analysts’ expectations of $514.51 million. During the same period last year, the company earned $1.78 earnings per share. The business’s revenue was up 10.0% on a year-over-year basis. Sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Cboe Global Markets announced that its Board of Directors has initiated a stock repurchase plan on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board of directors believes its stock is undervalued.

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.