Cboe Global Markets, Inc. (BATS:CBOE) Shares Acquired by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA increased its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 0.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,419,202 shares of the company’s stock after purchasing an additional 859 shares during the period. Massachusetts Financial Services Co. MA owned 1.34% of Cboe Global Markets worth $290,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Tandem Investment Advisors Inc. boosted its holdings in shares of Cboe Global Markets by 4.4% in the second quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock valued at $142,037,000 after acquiring an additional 35,336 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in Cboe Global Markets by 8.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 668,834 shares of the company’s stock valued at $137,024,000 after purchasing an additional 51,793 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Cboe Global Markets by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock worth $96,367,000 after purchasing an additional 55,876 shares during the period. Marshall Wace LLP raised its stake in shares of Cboe Global Markets by 306.6% during the 2nd quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock worth $90,785,000 after buying an additional 402,547 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Cboe Global Markets by 36.2% in the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after buying an additional 132,833 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction on 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 directly owns 8,844 shares in the company, valued at $1,886,690.52. This trade represents a 15.50 % 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, COO Christopher A. Isaacson sold 6,000 shares of the firm’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 completion of the transaction, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 13.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,696 shares of company stock worth $1,591,160 over the last ninety days. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

BATS CBOE opened at $213.36 on Friday. The business’s 50-day simple moving average is $207.83 and its 200-day simple moving average is $193.93. The firm has a market capitalization of $22.63 billion, a P/E ratio of 109.98 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 current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, November 1st. The company reported $2.22 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 return on equity of 20.05% and a net margin of 5.77%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the company posted $2.06 earnings per share. Equities analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets declared that its board has initiated a share repurchase plan on Friday, August 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.63 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. Cboe Global Markets’s payout ratio is currently 98.97%.

Wall Street Analysts Forecast Growth

CBOE has been the subject of a number of recent analyst reports. Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price for the company. in a report on Wednesday, November 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a report on Monday, November 4th. Barclays decreased their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Finally, Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and upped their price target for the stock from $212.00 to $222.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.