Isthmus Partners LLC Acquires 118,031 Shares of Cboe Global Markets, Inc. $CBOE

Isthmus Partners LLC lifted its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 210.4% during the third quarter, Holdings Channel reports. The fund owned 174,135 shares of the company’s stock after buying an additional 118,031 shares during the quarter. Cboe Global Markets makes up 4.3% of Isthmus Partners LLC’s holdings, making the stock its 3rd largest holding. Isthmus Partners LLC’s holdings in Cboe Global Markets were worth $47,938,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CBOE. Root Financial Partners LLC purchased a new position in shares of Cboe Global Markets during the 3rd quarter valued at about $129,000. E. Ohman J or Asset Management AB lifted its holdings in shares of Cboe Global Markets by 603.6% in the 3rd quarter. E. Ohman J or Asset Management AB now owns 24,717 shares of the company’s stock valued at $6,804,000 after buying an additional 21,204 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of Cboe Global Markets by 10,523.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,887 shares of the company’s stock valued at $1,345,000 after buying an additional 4,841 shares during the period. Marion Wealth Management lifted its holdings in shares of Cboe Global Markets by 2.7% in the 3rd quarter. Marion Wealth Management now owns 11,276 shares of the company’s stock valued at $3,104,000 after buying an additional 300 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Cboe Global Markets in the 3rd quarter valued at about $2,136,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

CBOE has been the topic of a number of recent research reports. Loop Capital set a $343.00 target price on Cboe Global Markets in a research note on Wednesday, October 7th. TD Cowen lifted their price target on Cboe Global Markets from $334.00 to $342.00 and gave the company a “buy” rating in a research report on Monday, October 12th. Morgan Stanley raised Cboe Global Markets from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $258.00 to $358.00 in a report on Friday, October 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. Finally, Wells Fargo & Company upped their price objective on Cboe Global Markets from $301.00 to $309.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $321.91.

Insider Activity at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Cboe Global Markets Price Performance

BATS:CBOE opened at $327.72 on Friday. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. 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 stock has a market capitalization of $34.76 billion, a PE ratio of 168.93 and a beta of 0.61. The stock’s 50-day moving average price is $290.30 and its 200-day moving average price is $294.32.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. The company had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 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 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.46 EPS. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a $0.86 dividend. The ex-dividend date is Monday, November 30th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets declared that its board has authorized a stock repurchase program on Thursday, October 22nd that authorizes the company to repurchase $550.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.