Victory Capital Management Inc. Sells 6,708 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Victory Capital Management Inc. lowered its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 238,452 shares of the company’s stock after selling 6,708 shares during the quarter. Victory Capital Management Inc.’s holdings in Cboe Global Markets were worth $48,852,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC acquired a new position in Cboe Global Markets in the second quarter valued at about $30,000. Friedenthal Financial acquired a new position in shares of Cboe Global Markets during the third quarter worth about $49,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Cboe Global Markets during the second quarter worth about $51,000. GPS Wealth Strategies Group LLC boosted its position in shares of Cboe Global Markets by 59.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after buying an additional 123 shares during the period. Finally, Intact Investment Management Inc. acquired a new position in shares of Cboe Global Markets during the third quarter worth about $74,000. Institutional investors own 81.73% of the company’s stock.

Insider Buying and Selling

In other news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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. This trade represents a 13.08 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, 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 15.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,696 shares of company stock worth $1,591,160. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

CBOE stock opened at $200.88 on Friday. The company has a market capitalization of $21.31 billion, a P/E ratio of 103.55 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 52-week low of $103.82 and a 52-week high of $139.00. The business has a 50-day simple moving average of $208.04 and a two-hundred day simple moving average of $192.92.

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 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 company had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 million. During the same period in the prior year, the company posted $2.06 earnings per share. Cboe Global Markets’s quarterly revenue was up 10.7% on a year-over-year basis. Research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

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

Cboe Global Markets Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors 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 dividend on an annualized basis and a dividend yield of 1.25%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 target price on shares of Cboe Global Markets in a report on Monday, November 4th. Barclays dropped their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. TD Cowen assumed coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price on the stock. Finally, Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price on the stock. in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $209.42.

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.