Cboe Global Markets, Inc. $CBOE Stock Purchased by Wedbush Securities Inc.

Wedbush Securities Inc. increased its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 1,005.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,210 shares of the company’s stock after buying an additional 28,387 shares during the quarter. Wedbush Securities Inc.’s holdings in Cboe Global Markets were worth $8,592,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Fifth Third Wealth Advisors LLC boosted its holdings in Cboe Global Markets by 3,980.2% in the third quarter. Fifth Third Wealth Advisors LLC now owns 51,125 shares of the company’s stock worth $14,074,000 after acquiring an additional 49,872 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Cboe Global Markets by 101.9% during the third quarter. Sterling Capital Management LLC now owns 6,365 shares of the company’s stock valued at $1,752,000 after acquiring an additional 3,213 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Cboe Global Markets by 431.1% during the third quarter. Yousif Capital Management LLC now owns 66,461 shares of the company’s stock valued at $18,296,000 after acquiring an additional 53,946 shares in the last quarter. BIP Wealth LLC raised its position in shares of Cboe Global Markets by 14.7% in the 3rd quarter. BIP Wealth LLC now owns 2,384 shares of the company’s stock valued at $656,000 after purchasing an additional 306 shares during the last quarter. Finally, OLD Second National Bank of Aurora raised its position in shares of Cboe Global Markets by 5,245.4% in the 3rd quarter. OLD Second National Bank of Aurora now owns 26,727 shares of the company’s stock valued at $7,358,000 after purchasing an additional 26,227 shares during the last quarter. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of CBOE stock traded up $12.70 during mid-day trading on Friday, reaching $340.42. The stock had a trading volume of 1,864,590 shares, compared to its average volume of 1,133,320. The business’s fifty day moving average is $291.19 and its 200-day moving average is $294.65. 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 cap of $36.11 billion, a price-to-earnings ratio of 175.48 and a beta of 0.61. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18.

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

Cboe Global Markets declared that its Board of Directors has initiated a stock buyback program on Thursday, October 22nd that allows the company to repurchase $550.00 million in outstanding shares. This buyback authorization allows the company to buy up to 1.6% of its shares through open market purchases. Share buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

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

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $450.00 target price on shares of Cboe Global Markets in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. TD Cowen raised their price target on shares of Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a report on Monday, October 12th. Loop Capital set a $343.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, October 7th. Finally, Wells Fargo & Company boosted 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 report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $330.27.

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. 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.