Vest Financial LLC Sells 1,568 Shares of Cboe Global Markets, Inc. $CBOE

Vest Financial LLC lessened its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 7.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,163 shares of the company’s stock after selling 1,568 shares during the quarter. Vest Financial LLC’s holdings in Cboe Global Markets were worth $5,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Cboe Global Markets during the second quarter worth approximately $2,474,799,000. Deutsche Bank AG acquired a new stake in Cboe Global Markets in the 2nd quarter valued at approximately $491,465,000. Jupiter Topco LLC acquired a new stake in Cboe Global Markets in the 2nd quarter valued at approximately $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Cboe Global Markets by 5.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after acquiring an additional 51,784 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its stake in Cboe Global Markets by 2.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock valued at $236,512,000 after acquiring an additional 17,321 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

BATS CBOE opened at $340.42 on Friday. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The firm has a market capitalization of $36.11 billion, a PE ratio of 175.48 and a beta of 0.61. The company’s 50 day simple moving average is $291.19 and its 200 day simple moving average is $294.65.

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

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a $0.86 dividend. The ex-dividend date is Monday, November 30th. This represents a $3.44 annualized dividend and a yield of 1.0%. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a share repurchase plan on Thursday, October 22nd that allows the company to buy back $550.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CBOE shares. Barclays reduced their price target on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. TD Cowen raised their price target on Cboe Global Markets from $334.00 to $342.00 and gave the company a “buy” rating in a report on Monday, October 12th. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Wells Fargo & Company lifted their price objective on shares of Cboe Global Markets from $301.00 to $309.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $330.27.

Insider Activity

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

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.