Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd lowered its position in Cboe Global Markets, Inc. (BATS:CBOE) by 15.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,401 shares of the company’s stock after selling 1,310 shares during the period. Mediolanum International Funds Ltd’s holdings in Cboe Global Markets were worth $1,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the company. Dakota Wealth Management boosted its position in Cboe Global Markets by 16.5% in the third quarter. Dakota Wealth Management now owns 22,476 shares of the company’s stock valued at $4,605,000 after buying an additional 3,181 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Cboe Global Markets by 58.0% in the third quarter. Assenagon Asset Management S.A. now owns 4,862 shares of the company’s stock valued at $996,000 after buying an additional 1,784 shares during the last quarter. Impact Partnership Wealth LLC purchased a new stake in Cboe Global Markets in the third quarter valued at approximately $367,000. Brighton Jones LLC purchased a new stake in Cboe Global Markets in the third quarter valued at approximately $203,000. Finally, Axecap Investments LLC purchased a new stake in Cboe Global Markets in the third quarter valued at approximately $931,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Dave Howson sold 5,073 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $192.16, for a total transaction of $974,827.68. Following the completion of the transaction, the executive vice president now directly owns 7,573 shares in the company, valued at approximately $1,455,227.68. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dave Howson sold 5,073 shares of the stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $192.16, for a total value of $974,827.68. Following the transaction, the executive vice president now owns 7,573 shares of the company’s stock, valued at approximately $1,455,227.68. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,369 shares of company stock valued at $2,687,925 in the last three months. 0.51% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on CBOE. Oppenheimer upped their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price objective on shares of Cboe Global Markets in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft upped their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. TD Cowen began coverage on Cboe Global Markets in a research note on Thursday, September 26th. They set a “hold” rating and a $205.00 target price for the company. Finally, JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $208.75.

Cboe Global Markets Stock Down 1.0 %

Shares of CBOE opened at $212.82 on Monday. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a market capitalization of $22.57 billion, a PE ratio of 109.70 and a beta of 0.61. The stock has a fifty day simple moving average of $209.20 and a two-hundred day simple moving average of $190.35. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same period last year, the company earned $1.78 EPS. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets declared that its Board of Directors has approved a share repurchase plan on Friday, August 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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.