Legacy Capital Group California Inc. Sells 544 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Legacy Capital Group California Inc. trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 15.6% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,942 shares of the company’s stock after selling 544 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Cboe Global Markets were worth $603,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CBOE. FinTrust Capital Advisors LLC boosted its stake in shares of Cboe Global Markets by 170.0% in the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after buying an additional 85 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $30,000. Redmont Wealth Advisors LLC bought a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $42,000. Friedenthal Financial purchased a new position in shares of Cboe Global Markets in the third quarter worth approximately $49,000. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in Cboe Global Markets during the second quarter valued at approximately $51,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Insider Transactions at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were 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 approximately $1,886,690.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction 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 sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,369 shares of company stock worth $2,687,925. 0.51% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CBOE has been the topic of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research note on Friday, October 4th. Piper Sandler upped 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. Barclays boosted their price objective on Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a research note on Monday, October 7th. TD Cowen began coverage on shares of Cboe Global Markets in a report on Thursday, September 26th. They set a “hold” rating and a $205.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average target price of $208.75.

Cboe Global Markets Stock Performance

Cboe Global Markets stock opened at $215.19 on Friday. The company’s 50-day moving average price is $209.00 and its 200-day moving average price is $189.99. 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 company has a market cap of $22.82 billion, a PE ratio of 110.92 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00.

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

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

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.63 per share. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.17%. Cboe Global Markets’s payout ratio is 98.97%.

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.