D.A. Davidson & CO. Acquires 771 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

D.A. Davidson & CO. increased its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 18.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,033 shares of the company’s stock after purchasing an additional 771 shares during the period. D.A. Davidson & CO.’s holdings in Cboe Global Markets were worth $1,031,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Qsemble Capital Management LP acquired a new position in shares of Cboe Global Markets in the 3rd quarter worth approximately $1,648,000. Bank of Montreal Can grew its position in Cboe Global Markets by 8.1% in the third quarter. Bank of Montreal Can now owns 209,803 shares of the company’s stock valued at $42,506,000 after acquiring an additional 15,794 shares during the period. Horizon Kinetics Asset Management LLC grew its position in Cboe Global Markets by 3.3% in the third quarter. Horizon Kinetics Asset Management LLC now owns 417,664 shares of the company’s stock valued at $85,567,000 after acquiring an additional 13,425 shares during the period. Independent Advisor Alliance raised its stake in Cboe Global Markets by 18.0% during the third quarter. Independent Advisor Alliance now owns 1,544 shares of the company’s stock worth $316,000 after acquiring an additional 236 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its holdings in shares of Cboe Global Markets by 295.3% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,340 shares of the company’s stock valued at $273,000 after acquiring an additional 1,001 shares during the period. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 0.6 %

Shares of BATS CBOE opened at $215.85 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $22.89 billion, a PE ratio of 111.26 and a beta of 0.61. The firm’s 50-day moving average is $208.42 and its 200-day moving average is $195.18. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. The firm had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 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 10.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.06 EPS. Equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business 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 $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s payout ratio is 98.97%.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Piper Sandler raised their price objective on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Barclays reduced their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price target for the company from $212.00 to $222.00 in a report on Monday, November 11th. Finally, Morgan Stanley lowered 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $209.42.

Insiders Place Their Bets

In other news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction 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 transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. This trade represents a 13.08 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction 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 sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This represents a 15.50 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

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.