McGuire Investment Group LLC Lowers Stake in Cboe Global Markets, Inc. (BATS:CBOE)

McGuire Investment Group LLC cut its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 0.3% during the third quarter, HoldingsChannel reports. The fund owned 94,698 shares of the company’s stock after selling 284 shares during the quarter. Cboe Global Markets comprises about 2.7% of McGuire Investment Group LLC’s holdings, making the stock its 12th largest position. McGuire Investment Group LLC’s holdings in Cboe Global Markets were worth $19,401,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. National Bank of Canada FI grew its holdings 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 purchasing an additional 5,458 shares during the last quarter. Nordea Investment Management AB raised its stake in 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 buying an additional 55,859 shares during the last quarter. Americana Partners LLC boosted its holdings in Cboe Global Markets by 3.8% in the second quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock worth $416,000 after acquiring an additional 90 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Cboe Global Markets during the second quarter worth about $1,359,000. Finally, Burney Co. increased its holdings in shares of Cboe Global Markets by 59.9% during the second quarter. Burney Co. now owns 5,609 shares of the company’s stock valued at $954,000 after acquiring an additional 2,102 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research note on Friday, October 4th. TD Cowen began coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective for the company. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Piper Sandler lifted their price target on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, Barclays increased their price objective on Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a report on Monday, October 7th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $207.25.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the transaction, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Cboe Global Markets news, EVP Dave Howson sold 2,500 shares of the stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the transaction, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction that occurred on 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 directly owns 4,328 shares in the company, valued at $879,579.44. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,261 shares of company stock valued at $3,604,822 in the last three months. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Performance

Cboe Global Markets stock traded down $0.80 during mid-day trading on Friday, hitting $206.00. The company had a trading volume of 660,256 shares, compared to its average volume of 636,231. The company has a market capitalization of $21.85 billion, a price-to-earnings ratio of 106.19 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The company’s fifty day moving average is $207.29 and its 200-day moving average is $188.17. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.22%. Cboe Global Markets’s payout ratio is 98.97%.

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

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.