Bank of Montreal Can Acquires 15,794 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Bank of Montreal Can raised its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 8.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,803 shares of the company’s stock after purchasing an additional 15,794 shares during the period. Bank of Montreal Can owned 0.20% of Cboe Global Markets worth $42,506,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Horizon Kinetics Asset Management LLC grew its stake in shares of Cboe Global Markets by 3.3% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 417,664 shares of the company’s stock worth $85,567,000 after buying an additional 13,425 shares during the last quarter. Independent Advisor Alliance boosted its stake in Cboe Global Markets by 18.0% during the 3rd quarter. Independent Advisor Alliance now owns 1,544 shares of the company’s stock valued at $316,000 after purchasing an additional 236 shares during the last quarter. Harvest Fund Management Co. Ltd boosted its stake in Cboe Global Markets by 295.3% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,340 shares of the company’s stock valued at $273,000 after purchasing an additional 1,001 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in Cboe Global Markets by 77.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 22,605 shares of the company’s stock valued at $4,631,000 after purchasing an additional 9,864 shares during the last quarter. Finally, Alpha DNA Investment Management LLC boosted its stake in Cboe Global Markets by 13.8% during the 3rd quarter. Alpha DNA Investment Management LLC now owns 3,979 shares of the company’s stock valued at $815,000 after purchasing an additional 484 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Trading Up 0.3 %

CBOE opened at $217.84 on Friday. The stock has a market cap of $23.10 billion, a price-to-earnings ratio of 112.29 and a beta of 0.61. The stock’s 50 day moving average price is $208.04 and its 200-day moving average price is $194.69. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year 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 announced its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. The firm had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.06 earnings per share. On average, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets declared that its board has initiated a stock repurchase plan on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders 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 dividend on an annualized basis and a yield of 1.16%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insiders Place Their Bets

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 completion of the sale, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 15.50 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value 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 approximately $8,165,890.95. The trade was a 13.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CBOE has been the topic of several research analyst reports. Oppenheimer increased their price target on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. TD Cowen initiated coverage on Cboe Global Markets in a research report on Thursday, September 26th. They set a “hold” rating and a $205.00 target price on the stock. 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 report on Monday, November 4th. Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, Barclays reduced their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $209.42.

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.