OVERSEA CHINESE BANKING Corp Ltd Sells 509 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

OVERSEA CHINESE BANKING Corp Ltd trimmed its position in Cboe Global Markets, Inc. (BATS:CBOE) by 31.3% in the third quarter, HoldingsChannel reports. The firm owned 1,116 shares of the company’s stock after selling 509 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Cboe Global Markets were worth $229,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter worth $30,000. Friedenthal Financial bought a new stake in Cboe Global Markets in the third quarter worth about $49,000. Ashton Thomas Private Wealth LLC purchased a new position in Cboe Global Markets in the second quarter valued at about $51,000. GPS Wealth Strategies Group LLC grew its position in shares of Cboe Global Markets by 59.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after acquiring an additional 123 shares during the period. Finally, Intact Investment Management Inc. purchased a new stake in shares of Cboe Global Markets during the 3rd quarter worth approximately $74,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

CBOE has been the subject of several research reports. Barclays reduced their price objective on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating for the company in a report on Monday, November 4th. TD Cowen started coverage on Cboe Global Markets in a research note on Thursday, September 26th. They set a “hold” rating and a $205.00 price target for the company. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their target price for the stock from $212.00 to $222.00 in a research report on Monday. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $220.00 price objective on shares of Cboe Global Markets in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $209.42.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $198.56 on Friday. The stock has a market cap of $21.06 billion, a price-to-earnings ratio of 102.35 and a beta of 0.61. 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 business has a 50-day simple moving average of $208.26 and a 200 day simple moving average of $192.77. 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 issued its quarterly earnings data on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping the consensus estimate of $2.19 by $0.03. The company 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 revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.06 earnings per share. On average, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets declared that its board has initiated a share 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 buy up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling at Cboe Global Markets

In other news, CFO Jill Griebenow sold 1,622 shares of the 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 completion of the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This represents a 15.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred on 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 $8,165,890.95. This represents a 13.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,696 shares of company stock worth $1,591,160 over the last ninety days. Insiders own 0.51% of the company’s stock.

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.