Allspring Global Investments Holdings LLC Sells 32,950 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Allspring Global Investments Holdings LLC trimmed its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 378,895 shares of the company’s stock after selling 32,950 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Cboe Global Markets were worth $77,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. National Bank of Canada FI grew its stake in Cboe Global Markets by 18.4% in the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after purchasing an additional 5,458 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Cboe Global Markets by 15.2% during the first quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock valued at $76,935,000 after buying an additional 55,859 shares during the period. Americana Partners LLC raised its holdings in shares of Cboe Global Markets by 3.8% in the second quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock valued at $416,000 after acquiring an additional 90 shares in the last quarter. XTX Topco Ltd purchased a new stake in Cboe Global Markets in the second quarter worth about $1,359,000. Finally, Burney Co. grew its holdings in Cboe Global Markets by 59.9% during the 2nd quarter. Burney Co. now owns 5,609 shares of the company’s stock worth $954,000 after acquiring an additional 2,102 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on CBOE shares. Oppenheimer upped their price target 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. Barclays increased their target price on Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. TD Cowen began coverage on Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective on the stock. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $208.75.

Insider Buying and Selling

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction that occurred 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 directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction on Wednesday, September 4th. The stock was 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 in the company, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,761 shares of company stock valued at $3,138,147 over the last quarter. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Down 0.1 %

CBOE stock opened at $209.28 on Monday. 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 52 week low of $103.82 and a 52 week high of $139.00. The stock has a market capitalization of $22.20 billion, a PE ratio of 107.87 and a beta of 0.61. The firm has a 50 day moving average of $208.15 and a 200 day moving average of $189.19.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. The firm had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.78 earnings per share. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.20%. 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 (DPR) is presently 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a stock buyback plan on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.