Prospera Financial Services Inc Reduces Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

Prospera Financial Services Inc trimmed its position in Cboe Global Markets, Inc. (BATS:CBOE) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,093 shares of the company’s stock after selling 77 shares during the period. Prospera Financial Services Inc’s holdings in Cboe Global Markets were worth $1,453,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Caprock Group LLC lifted its stake in shares of Cboe Global Markets by 1.0% during the third quarter. Caprock Group LLC now owns 21,302 shares of the company’s stock valued at $4,364,000 after buying an additional 211 shares during the period. Aljian Capital Management LLC purchased a new stake in shares of Cboe Global Markets during the 3rd quarter valued at about $222,000. Natixis Advisors LLC lifted its position in shares of Cboe Global Markets by 1.3% during the third quarter. Natixis Advisors LLC now owns 92,185 shares of the company’s stock worth $18,886,000 after purchasing an additional 1,211 shares in the last quarter. Empowered Funds LLC boosted its position in Cboe Global Markets by 2.7% in the 3rd quarter. Empowered Funds LLC now owns 9,082 shares of the company’s stock valued at $1,861,000 after buying an additional 243 shares during the last quarter. Finally, Empirical Finance LLC increased its holdings in Cboe Global Markets by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock worth $748,000 after purchasing an additional 74 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 13.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jill Griebenow sold 1,622 shares of the 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 owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This trade represents a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,696 shares of company stock worth $1,591,160. 0.51% of the stock is owned by company insiders.

Analyst Ratings Changes

CBOE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods raised their price objective 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. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Morgan Stanley cut Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective on the stock. in a research note on Wednesday, November 6th. Oppenheimer lifted their target price on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $209.42.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $210.80 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The firm has a fifty day moving average of $207.76 and a 200-day moving average of $193.71. The company has a market cap of $22.36 billion, a price-to-earnings ratio of 108.66 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping the consensus estimate of $2.19 by $0.03. The firm had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 EPS. As a group, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

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

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

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.