Landscape Capital Management L.L.C. Grows Position in Cboe Global Markets, Inc. (BATS:CBOE)

Landscape Capital Management L.L.C. boosted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,850 shares of the company’s stock after acquiring an additional 52 shares during the period. Landscape Capital Management L.L.C.’s holdings in Cboe Global Markets were worth $379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CBOE. Americana Partners LLC increased its holdings in shares of Cboe Global Markets by 2.2% in the third quarter. Americana Partners LLC now owns 2,498 shares of the company’s stock worth $512,000 after purchasing an additional 54 shares during the last quarter. Regal Investment Advisors LLC increased its stake in Cboe Global Markets by 0.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock worth $3,788,000 after acquiring an additional 56 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Cboe Global Markets by 9.7% in the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock worth $121,000 after acquiring an additional 63 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of Cboe Global Markets by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock worth $748,000 after acquiring an additional 74 shares in the last quarter. Finally, Kendall Capital Management boosted its position in shares of Cboe Global Markets by 0.9% during the 2nd quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after acquiring an additional 80 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This trade represents a 15.50 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 13.08 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 1.1 %

Shares of BATS CBOE opened at $213.26 on Monday. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00. The firm has a market cap of $22.62 billion, a PE ratio of 109.93 and a beta of 0.61. The business has a fifty day simple moving average of $207.83 and a two-hundred day simple moving average of $194.05. 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 released its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. During the same period in the previous year, the company posted $2.06 earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets declared that its Board of Directors has initiated a share repurchase program on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s payout ratio is presently 98.97%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their price objective for the company from $212.00 to $222.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Oppenheimer boosted their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective for the company. in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and a consensus price target of $209.42.

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.