Cboe Global Markets, Inc. (BATS:CBOE) Shares Sold by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. reduced its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 3.0% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 810,332 shares of the company’s stock after selling 24,884 shares during the quarter. Cboe Global Markets accounts for approximately 6.3% of Tandem Investment Advisors Inc.’s portfolio, making the stock its largest position. Tandem Investment Advisors Inc.’s holdings in Cboe Global Markets were worth $166,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cboe Global Markets by 1.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,079 shares of the company’s stock worth $4,240,000 after buying an additional 273 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Cboe Global Markets by 52.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 28,279 shares of the company’s stock worth $5,196,000 after acquiring an additional 9,712 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Cboe Global Markets during the first quarter valued at approximately $98,000. Texas Permanent School Fund Corp increased its stake in Cboe Global Markets by 0.3% in the first quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock valued at $4,468,000 after purchasing an additional 84 shares in the last quarter. Finally, Duality Advisers LP acquired a new stake in Cboe Global Markets in the first quarter worth $1,551,000. 81.73% of the stock is owned by institutional investors.

Cboe Global Markets Stock Performance

CBOE opened at $200.24 on Friday. The firm has a market capitalization of $21.24 billion, a PE ratio of 103.22 and a beta of 0.61. The business’s 50-day simple moving average is $209.43 and its 200 day simple moving average is $192.08. 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.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 by $0.03. The company had revenue of $532.00 million during the quarter, compared to analysts’ expectations of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.06 earnings per share. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.26%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Piper Sandler boosted their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Keefe, Bruyette & Woods upped their target price on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft dropped their price target on Cboe Global Markets from $214.00 to $212.00 and set a “hold” rating on the stock in a research note on Monday. Finally, TD Cowen started coverage on Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $208.58.

Insider Activity

In other news, CFO Jill Griebenow sold 1,622 shares of the 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 sale, 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the business’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 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 $8,165,890.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,696 shares of company stock worth $1,591,160. Corporate insiders own 0.51% of the company’s stock.

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.