Blueshift Asset Management LLC Sells 2,979 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Blueshift Asset Management LLC decreased its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 63.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,704 shares of the company’s stock after selling 2,979 shares during the quarter. Blueshift Asset Management LLC’s holdings in Cboe Global Markets were worth $349,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Tidal Investments LLC lifted its holdings in shares of Cboe Global Markets by 7.2% in the first quarter. Tidal Investments LLC now owns 13,541 shares of the company’s stock valued at $2,488,000 after purchasing an additional 904 shares in the last quarter. Comerica Bank lifted its stake in Cboe Global Markets by 42.6% during the 1st quarter. Comerica Bank now owns 30,009 shares of the company’s stock valued at $5,514,000 after acquiring an additional 8,970 shares in the last quarter. iA Global Asset Management Inc. boosted its holdings in Cboe Global Markets by 16.6% during the 1st quarter. iA Global Asset Management Inc. now owns 4,256 shares of the company’s stock worth $782,000 after acquiring an additional 607 shares during the last quarter. Plato Investment Management Ltd purchased a new position in Cboe Global Markets during the 1st quarter worth $77,000. Finally, Swedbank AB bought a new stake in shares of Cboe Global Markets in the 1st quarter worth $844,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on CBOE. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price target for the company from $212.00 to $222.00 in a research report on Monday, November 11th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer increased their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a report on Monday, November 4th. Finally, Barclays reduced their price objective on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $209.42.

Cboe Global Markets Trading Up 0.3 %

Shares of Cboe Global Markets stock opened at $217.84 on Friday. The stock has a market capitalization of $23.10 billion, a P/E ratio of 112.29 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. 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’s 50-day simple moving average is $208.04 and its 200 day simple moving average is $194.69.

Cboe Global Markets (BATS:CBOE) last posted its quarterly 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. The company had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.06 earnings per share. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets declared that its board has approved a stock buyback program on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. This represents a 13.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the business’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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This represents a 15.50 % decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is owned by company 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.