Axecap Investments LLC Makes New $931,000 Investment in Cboe Global Markets, Inc. (BATS:CBOE)

Axecap Investments LLC bought a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,543 shares of the company’s stock, valued at approximately $931,000.

Other large investors have also bought and sold shares of the company. National Bank of Canada FI increased its position in Cboe Global Markets by 18.4% in the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after buying an additional 5,458 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Cboe Global Markets by 15.2% in the first quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock valued at $76,935,000 after purchasing an additional 55,859 shares in the last quarter. Americana Partners LLC grew its position in shares of Cboe Global Markets by 3.8% in the second quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock valued at $416,000 after purchasing an additional 90 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Cboe Global Markets in the second quarter valued at $1,359,000. Finally, Burney Co. grew its position in shares of Cboe Global Markets by 59.9% in the second quarter. Burney Co. now owns 5,609 shares of the company’s stock valued at $954,000 after purchasing an additional 2,102 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CBOE shares. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Piper Sandler lifted their price target on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. TD Cowen started coverage on Cboe Global Markets in a research report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price target for the company. Finally, Barclays lifted their price target on Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $208.75.

Cboe Global Markets Trading Down 0.2 %

Shares of CBOE stock opened at $213.37 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average price of $208.56 and a two-hundred day moving average price of $189.64. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The firm has a market cap of $22.63 billion, a P/E ratio of 109.99 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the previous year, the company posted $1.78 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. Equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $0.63 per share. The ex-dividend date was Friday, August 30th. This represents a $2.52 annualized dividend and a yield of 1.18%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s payout ratio is 98.97%.

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

Insiders Place Their Bets

In other news, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dave Howson sold 5,073 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.16, for a total value of $974,827.68. Following the completion of the sale, the executive vice president now directly owns 7,573 shares of the company’s stock, valued at approximately $1,455,227.68. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,369 shares of company stock valued at $2,687,925 over the last 90 days. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Company 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.