GAMMA Investing LLC Purchases 808 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

GAMMA Investing LLC raised its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 91.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,693 shares of the company’s stock after purchasing an additional 808 shares during the period. GAMMA Investing LLC’s holdings in Cboe Global Markets were worth $347,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CBOE. FinTrust Capital Advisors LLC lifted its stake 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 purchasing an additional 85 shares during the period. ORG Partners LLC bought a new position in shares of Cboe Global Markets during the second quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Cboe Global Markets during the first quarter valued at $42,000. Riverview Trust Co bought a new position in shares of Cboe Global Markets during the first quarter valued at $44,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Cboe Global Markets during the second quarter valued at $51,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Down 0.9 %

CBOE opened at $205.55 on Thursday. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The stock has a market capitalization of $21.80 billion, a PE ratio of 105.95 and a beta of 0.61. The business’s 50 day moving average price is $206.64 and its 200 day moving average price is $187.79. 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 (BATS:CBOE) last released its quarterly earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $513.80 million for the quarter, compared to analysts’ expectations of $514.51 million. During the same period in the prior year, the firm earned $1.78 earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets declared that its board has initiated a stock repurchase plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.23%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insider Transactions at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was 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 owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cboe Global Markets news, EVP Dave Howson sold 5,073 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $192.16, for a total value of $974,827.68. Following the completion of the transaction, the executive vice president now owns 7,573 shares in the company, valued at $1,455,227.68. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s 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 completion of the transaction, the chief operating officer now owns 39,855 shares of the company’s stock, valued at $8,165,890.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,261 shares of company stock valued at $3,604,822. 0.51% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a research report on Friday, October 4th. TD Cowen started coverage on Cboe Global Markets in a research note on Thursday, September 26th. They set a “hold” rating and a $205.00 price target for the company. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price target for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Piper Sandler raised their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods raised their price objective on 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $207.25.

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.