Venturi Wealth Management LLC Lowers Position in Cboe Global Markets, Inc. (BATS:CBOE)

Venturi Wealth Management LLC lowered its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,217 shares of the company’s stock after selling 87 shares during the quarter. Venturi Wealth Management LLC’s holdings in Cboe Global Markets were worth $659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of CBOE. Americana Partners LLC increased its position in shares of Cboe Global Markets by 2.2% during the 3rd quarter. Americana Partners LLC now owns 2,498 shares of the company’s stock valued at $512,000 after purchasing an additional 54 shares during the last quarter. Regal Investment Advisors LLC grew its holdings in Cboe Global Markets by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock valued at $3,788,000 after purchasing an additional 56 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Cboe Global Markets by 9.7% during the second quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after buying an additional 63 shares during the period. Kendall Capital Management raised its holdings in shares of Cboe Global Markets by 0.9% in the second quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock worth $1,600,000 after buying an additional 80 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Cboe Global Markets by 11.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 777 shares of the company’s stock valued at $159,000 after acquiring an additional 81 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $199.43 on Tuesday. The firm has a market cap of $21.15 billion, a price-to-earnings ratio of 102.80 and a beta of 0.61. 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, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The stock’s 50-day moving average is $209.01 and its two-hundred day moving average is $192.56.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. The business had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 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 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.06 earnings per share. Analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.26%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on CBOE. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price objective for the company from $212.00 to $222.00 in a research report on Monday. Piper Sandler upped their target price on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Oppenheimer raised their target price on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Morgan Stanley downgraded shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective on the stock. in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a report on Monday, November 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $209.42.

Insider Transactions at Cboe Global Markets

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were 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 of the company’s stock, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,696 shares of company stock valued at $1,591,160 in the last 90 days. 0.51% of the stock is currently owned by insiders.

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.