Cboe Global Markets, Inc. $CBOE Shares Purchased by Valley National Advisers Inc.

Valley National Advisers Inc. lifted its position in Cboe Global Markets, Inc. (BATS:CBOE) by 285,100.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,372 shares of the company’s stock after acquiring an additional 31,361 shares during the period. Cboe Global Markets accounts for approximately 1.0% of Valley National Advisers Inc.’s investment portfolio, making the stock its 27th biggest holding. Valley National Advisers Inc.’s holdings in Cboe Global Markets were worth $8,636,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Cboe Global Markets during the 2nd quarter worth about $2,474,799,000. Deutsche Bank AG purchased a new stake in Cboe Global Markets during the 2nd quarter valued at about $491,465,000. Jupiter Topco LLC purchased a new stake in Cboe Global Markets during the 2nd quarter valued at about $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Cboe Global Markets by 5.5% during 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 purchasing an additional 51,784 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Cboe Global Markets by 2.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock valued at $236,512,000 after purchasing an additional 17,321 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Activity

In other news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CBOE has been the subject of several research analyst reports. Loop Capital set a $343.00 price objective on Cboe Global Markets in a research note on Wednesday, October 7th. Piper Sandler dropped their target price on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Wells Fargo & Company increased their price target on shares of Cboe Global Markets from $301.00 to $309.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Morgan Stanley reiterated an “overweight” rating and issued a $450.00 price target on shares of Cboe Global Markets in a report on Friday. Finally, Zacks Research lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $330.27.

Cboe Global Markets Trading Up 3.9%

BATS CBOE opened at $340.42 on Friday. The company has a market capitalization of $36.11 billion, a PE ratio of 175.48 and a beta of 0.61. The company has a fifty day moving average of $291.19 and a 200 day moving average of $294.65. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year 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.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results 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. The company had revenue of $731.60 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm earned $2.46 EPS. 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 authorized a stock repurchase plan on Thursday, October 22nd that authorizes the company to repurchase $550.00 million in shares. This buyback authorization authorizes the company to reacquire up to 1.6% of its shares through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

The business also recently disclosed 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. This represents a $3.44 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Monday, November 30th. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets 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.