Cboe Global Markets, Inc. $CBOE Stock Holdings Boosted by OLD Second National Bank of Aurora

OLD Second National Bank of Aurora boosted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 5,245.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,727 shares of the company’s stock after buying an additional 26,227 shares during the period. Cboe Global Markets comprises 1.5% of OLD Second National Bank of Aurora’s investment portfolio, making the stock its 20th largest holding. OLD Second National Bank of Aurora’s holdings in Cboe Global Markets were worth $7,358,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Strategic Planning Group LLC boosted its stake in shares of Cboe Global Markets by 6.6% during the 3rd quarter. Strategic Planning Group LLC now owns 65,787 shares of the company’s stock valued at $18,111,000 after buying an additional 4,094 shares during the period. Brookstone Capital Management acquired a new position in shares of Cboe Global Markets in the third quarter worth $1,371,000. Isthmus Partners LLC increased its stake in shares of Cboe Global Markets by 210.4% in the third quarter. Isthmus Partners LLC now owns 174,135 shares of the company’s stock worth $47,938,000 after acquiring an additional 118,031 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of Cboe Global Markets during the third quarter worth $129,000. Finally, E. Ohman J or Asset Management AB raised its holdings in shares of Cboe Global Markets by 603.6% during the third quarter. E. Ohman J or Asset Management AB now owns 24,717 shares of the company’s stock worth $6,804,000 after acquiring an additional 21,204 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Janet Froetscher sold 937 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CBOE. Wells Fargo & Company boosted their target price on shares of Cboe Global Markets from $301.00 to $309.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. JPMorgan Chase & Co. raised their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Piper Sandler decreased their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Finally, Morgan Stanley upgraded Cboe Global Markets from an “underweight” rating to an “overweight” rating and raised their target price for the company from $258.00 to $358.00 in a report on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $321.91.

Cboe Global Markets Stock Up 2.8%

Shares of BATS:CBOE opened at $327.72 on Friday. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company’s fifty day moving average is $290.30 and its 200-day moving average is $294.32. The company has a market capitalization of $34.76 billion, a PE ratio of 168.93 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. During the same quarter in the previous year, the company posted $2.46 EPS. Cboe Global Markets’s revenue was up 24.6% on a year-over-year basis. Equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets declared that its board has approved a share repurchase program on Thursday, October 22nd that allows the company to repurchase $550.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 1.6% of its shares through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.