Brooklyn Investment Group Acquires New Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Brooklyn Investment Group bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 321 shares of the company’s stock, valued at approximately $66,000.

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

Insiders Place Their Bets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction dated Tuesday, September 3rd. The stock was 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 owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 13.08 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. This trade represents a 15.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CBOE shares. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price target for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Barclays decreased their target price on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. TD Cowen started coverage on shares of 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. Finally, Morgan Stanley cut shares of Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective for the company. in a research note on Wednesday, November 6th. One 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. According to MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $209.42.

Cboe Global Markets Stock Up 0.3 %

Shares of BATS CBOE opened at $217.84 on Friday. 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. The company’s 50 day moving average price is $208.04 and its 200-day moving average price is $194.69. The company has a market capitalization of $23.10 billion, a P/E ratio of 112.29 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.19 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $530.46 million. During the same quarter in the prior year, the firm posted $2.06 earnings per share. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. Equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

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

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 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.