Brooklyn Investment Group Takes Position in Cboe Global Markets, Inc. (BATS:CBOE)

Brooklyn Investment Group bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 321 shares of the company’s stock, valued at approximately $66,000.

A number of other hedge funds have also recently bought and sold shares of CBOE. ORG Partners LLC bought a new stake in shares of Cboe Global Markets in the second quarter valued at about $30,000. Friedenthal Financial acquired a new stake in shares of Cboe Global Markets during the 3rd quarter worth approximately $49,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Cboe Global Markets during the second quarter valued at approximately $51,000. GPS Wealth Strategies Group LLC raised its stake in shares of Cboe Global Markets by 59.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after purchasing an additional 123 shares in the last quarter. Finally, Intact Investment Management Inc. bought a new position in Cboe Global Markets in the third quarter worth $74,000. 81.73% of the stock is owned by institutional investors.

Insider Activity at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was 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 directly owns 39,855 shares of the company’s stock, valued at $8,165,890.95. This represents a 13.08 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction that occurred 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. The trade was a 15.50 % decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CBOE has been the subject of a number of recent research reports. Royal Bank of Canada restated a “sector perform” rating and issued a $220.00 price objective on shares of Cboe Global Markets in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and upped their price objective for the company from $212.00 to $222.00 in a research note on Monday, November 11th. Piper Sandler raised their target price 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. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price target for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Finally, TD Cowen began coverage on Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 price objective for the company. 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 company presently has a consensus rating of “Hold” and an average target price of $209.42.

Cboe Global Markets Stock Up 0.3 %

BATS:CBOE opened at $217.84 on Friday. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 112.29 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s fifty day moving average price is $208.04 and its two-hundred day moving average price is $194.69. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.19 by $0.03. The business had revenue of $532.00 million for 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 firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.06 earnings per share. On average, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets declared that its Board of Directors has authorized a share repurchase program on Friday, August 16th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Announces Dividend

The firm also recently declared 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. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

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.