Russell Investments Group Ltd. Has $24.30 Million Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Russell Investments Group Ltd. cut its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 176,189 shares of the company’s stock after selling 19,131 shares during the period. Russell Investments Group Ltd. owned approximately 0.17% of Cboe Global Markets worth $24,298,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Clear Street Markets LLC grew its stake in Cboe Global Markets by 93.5% in the first quarter. Clear Street Markets LLC now owns 207 shares of the company’s stock valued at $28,000 after acquiring an additional 100 shares during the period. Global Retirement Partners LLC boosted its position in shares of Cboe Global Markets by 3,771.4% during the first quarter. Global Retirement Partners LLC now owns 271 shares of the company’s stock worth $37,000 after buying an additional 264 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Cboe Global Markets by 64.8% during the first quarter. Parkside Financial Bank & Trust now owns 272 shares of the company’s stock worth $37,000 after buying an additional 107 shares during the period. Massmutual Trust Co. FSB ADV lifted its position in shares of Cboe Global Markets by 68.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 296 shares of the company’s stock valued at $41,000 after buying an additional 120 shares during the last quarter. Finally, City State Bank acquired a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $41,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 3,850 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $149.08, for a total value of $573,958.00. Following the transaction, the chief operating officer now owns 54,599 shares in the company, valued at approximately $8,139,618.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $176.75 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a 50 day moving average price of $162.98 and a two-hundred day moving average price of $148.62. The firm has a market capitalization of $18.75 billion, a P/E ratio of 91.11 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, November 3rd. The company reported $2.06 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.20. The firm had revenue of $480.50 million during the quarter, compared to analyst estimates of $479.89 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 EPS. Equities analysts forecast 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 authorized a share repurchase program on Thursday, October 26th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 1.4% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be paid a $0.55 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.24%. Cboe Global Markets’s payout ratio is presently 98.97%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Bank of America increased their target price on Cboe Global Markets from $168.00 to $173.00 in a research note on Tuesday, October 3rd. Argus downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Thursday, November 16th. Oppenheimer lifted their target price on Cboe Global Markets from $161.00 to $162.00 and gave the stock an “outperform” rating in a report on Monday, August 7th. UBS Group lifted their target price on Cboe Global Markets from $150.00 to $165.00 and gave the stock a “neutral” rating in a report on Thursday, October 5th. Finally, Piper Sandler lifted their price objective on Cboe Global Markets from $160.00 to $174.00 and gave the stock an “overweight” rating in a research report on Friday, September 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $161.27.

Cboe Global Markets Company 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.