Cboe Global Markets, Inc. (BATS:CBOE) is Horizon Kinetics Asset Management LLC’s 10th Largest Position

Horizon Kinetics Asset Management LLC raised its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 3.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 417,664 shares of the company’s stock after purchasing an additional 13,425 shares during the quarter. Cboe Global Markets comprises about 1.3% of Horizon Kinetics Asset Management LLC’s investment portfolio, making the stock its 10th biggest position. Horizon Kinetics Asset Management LLC owned 0.39% of Cboe Global Markets worth $85,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. lifted its position in Cboe Global Markets by 31.9% during the 1st quarter. Bessemer Group Inc. now owns 760 shares of the company’s stock worth $140,000 after acquiring an additional 184 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Cboe Global Markets by 51.2% during the first quarter. Advisors Asset Management Inc. now owns 9,786 shares of the company’s stock worth $1,798,000 after purchasing an additional 3,313 shares in the last quarter. 1832 Asset Management L.P. lifted its position in shares of Cboe Global Markets by 9.2% during the first quarter. 1832 Asset Management L.P. now owns 14,320 shares of the company’s stock worth $2,631,000 after purchasing an additional 1,209 shares in the last quarter. Motley Fool Asset Management LLC boosted its stake in shares of Cboe Global Markets by 5.1% in the first quarter. Motley Fool Asset Management LLC now owns 2,037 shares of the company’s stock valued at $374,000 after purchasing an additional 99 shares during the period. Finally, Tidal Investments LLC grew its holdings in Cboe Global Markets by 7.2% during the 1st 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. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CBOE shares. 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. Barclays reduced their price target on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and upped their target price for the company from $212.00 to $222.00 in a research report on Monday, November 11th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $209.42.

Insiders Place Their Bets

In related news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value 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 represents a 15.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. This represents a 13.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Up 1.1 %

CBOE stock opened at $213.26 on Monday. The firm has a fifty day moving average price of $207.83 and a two-hundred day moving average price of $194.05. 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, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The firm has a market cap of $22.62 billion, a price-to-earnings ratio of 109.93 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 million. During the same quarter in the prior year, the business earned $2.06 earnings per share. Cboe Global Markets’s quarterly revenue was up 10.7% on a year-over-year basis. Research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.63 per share. 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%.

Cboe Global Markets announced that its board has approved a share repurchase program on Friday, August 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

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.