Impact Partnership Wealth LLC Makes New Investment in Cboe Global Markets, Inc. (BATS:CBOE)

Impact Partnership Wealth LLC purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,791 shares of the company’s stock, valued at approximately $367,000.

A number of other large investors also recently added to or reduced their stakes in CBOE. Sunbelt Securities Inc. raised its stake in shares of Cboe Global Markets by 165.4% in the first quarter. Sunbelt Securities Inc. now owns 1,587 shares of the company’s stock valued at $292,000 after acquiring an additional 989 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Cboe Global Markets by 125.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,665 shares of the company’s stock valued at $1,592,000 after acquiring an additional 4,824 shares in the last quarter. SteelPeak Wealth LLC acquired a new stake in shares of Cboe Global Markets in the first quarter valued at $1,737,000. Chapin Davis Inc. acquired a new stake in shares of Cboe Global Markets in the first quarter valued at $277,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Cboe Global Markets by 1.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 382,677 shares of the company’s stock valued at $70,309,000 after acquiring an additional 4,700 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $215.19 on Friday. The stock’s 50-day moving average is $208.72 and its two-hundred day moving average is $189.81. The firm has a market cap of $22.82 billion, a price-to-earnings ratio of 110.92 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. During the same quarter last year, the company posted $1.78 earnings per share. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. Analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CBOE. TD Cowen began coverage on Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their price target on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a research note on Friday, October 4th. Barclays raised their price target on Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. Finally, Oppenheimer raised their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $208.75.

Insider Buying and Selling

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

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.