Ritholtz Wealth Management Sells 1,662 Shares of Cboe Global Markets, Inc. $CBOE

Ritholtz Wealth Management lowered its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 16.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,615 shares of the company’s stock after selling 1,662 shares during the period. Ritholtz Wealth Management’s holdings in Cboe Global Markets were worth $2,372,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp acquired a new stake in shares of Cboe Global Markets during the 2nd quarter valued at $25,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Cboe Global Markets during the 2nd quarter worth $26,000. Clearstead Trust LLC acquired a new position in shares of Cboe Global Markets in the 2nd quarter worth $27,000. Rosenberg Matthew Hamilton grew its holdings in shares of Cboe Global Markets by 11,300.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of Cboe Global Markets in the 1st quarter worth $36,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CBOE. Deutsche Bank reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Royal Bank Of Canada increased their price target on Cboe Global Markets from $303.00 to $360.00 and gave the company a “sector perform” rating in a research report on Friday, October 30th. JPMorgan Chase & Co. increased their price target on Cboe Global Markets from $288.00 to $332.00 and gave the company an “underweight” rating in a research report on Wednesday, October 28th. Barclays lifted their price target on Cboe Global Markets from $343.00 to $392.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. Finally, The Goldman Sachs Group downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. Five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $363.00.

Cboe Global Markets Trading Up 1.8%

Shares of BATS:CBOE traded up $6.53 during mid-day trading on Friday, hitting $375.42. The stock had a trading volume of 956,216 shares, compared to its average volume of 1,139,884. 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 has a market cap of $39.82 billion, a PE ratio of 193.52 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $378.35. The company’s 50 day moving average is $305.04 and its 200-day moving average is $296.16.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, October 30th. The company reported $3.63 EPS for the quarter, topping analysts’ consensus estimates of $3.43 by $0.20. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $712.20 million during the quarter, compared to analyst estimates of $705.22 million. During the same quarter last year, the business posted $2.67 EPS. The company’s revenue was up 17.6% on a year-over-year basis. On average, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a $0.86 dividend. The ex-dividend date is Monday, November 30th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 0.9%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has approved a stock buyback program on Thursday, October 22nd that allows the company to repurchase $550 million in outstanding shares. This repurchase authorization allows the company to buy up to 1.6% of its shares through open market purchases. Share repurchase programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.