2,263 Shares in Cboe Global Markets, Inc. $CBOE Bought by Formidable Asset Management LLC

Formidable Asset Management LLC purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,263 shares of the company’s stock, valued at approximately $623,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Cboe Global Markets in the 2nd quarter worth $2,474,799,000. Deutsche Bank AG purchased a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $491,465,000. Jupiter Topco LLC purchased a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $304,917,000. Legal & General Group Plc purchased a new position in Cboe Global Markets in the second quarter worth $175,870,000. Finally, Bank of America Corp DE acquired a new stake in Cboe Global Markets in the second quarter valued at $162,794,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

BATS CBOE opened at $353.27 on Monday. The company has a market capitalization of $37.47 billion, a price-to-earnings ratio of 182.10 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The company’s fifty day moving average price is $298.63 and its two-hundred day moving average price is $293.83. 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 data on Friday, October 30th. The company reported $3.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.20. The firm had revenue of $712.20 million for the quarter, compared to analysts’ expectations of $705.22 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.67 earnings per share. As a group, research analysts predict 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 approved a share buyback plan on Thursday, October 22nd that authorizes the company to repurchase $550 million in shares. This repurchase authorization authorizes the company to reacquire up to 1.6% of its shares through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Cboe Global Markets Announces Dividend

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

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the transaction, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on CBOE. Loop Capital set a $332.00 price objective on shares of Cboe Global Markets in a research note on Wednesday, October 28th. The Goldman Sachs Group lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. lifted their price objective 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. Morgan Stanley reissued an “overweight” rating and issued a $450.00 price target on shares of Cboe Global Markets in a research note on Friday, October 23rd. Finally, TD Cowen upped their price target on Cboe Global Markets from $342.00 to $417.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. Five analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $363.00.

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.