Oppenheimer & Co. Inc. Sells 3,128 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Oppenheimer & Co. Inc. trimmed its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 25.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,292 shares of the company’s stock after selling 3,128 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Cboe Global Markets were worth $1,580,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CBOE. FinTrust Capital Advisors LLC boosted its holdings in Cboe Global Markets by 170.0% in the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after acquiring an additional 85 shares in the last quarter. Optiver Holding B.V. purchased a new position in shares of Cboe Global Markets in the fourth quarter worth $29,000. ORG Partners LLC purchased a new position in shares of Cboe Global Markets in the second quarter worth $30,000. Redmont Wealth Advisors LLC purchased a new position in shares of Cboe Global Markets in the first quarter worth $42,000. Finally, Riverview Trust Co purchased a new position in shares of Cboe Global Markets in the first quarter worth $44,000. 81.73% of the stock is owned by institutional investors.

Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the transaction, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the transaction, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The transaction was disclosed in a filing 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 dated Friday, June 21st. The stock was sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the transaction, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at approximately $9,074,625. The disclosure for this sale can be found here. Insiders sold a total of 24,261 shares of company stock valued at $4,654,822 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

CBOE has been the subject of several recent analyst reports. 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 note on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Barclays boosted their price target on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Oppenheimer upped their price objective on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $199.64.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $213.68 on Wednesday. The stock has a 50-day simple moving average of $198.03 and a two-hundred day simple moving average of $185.21. 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 firm has a market capitalization of $22.66 billion, a PE ratio of 110.14 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the previous year, the company posted $1.78 earnings per share. Cboe Global Markets’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets declared that its Board of Directors has approved a share repurchase plan on Friday, August 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.63 dividend. This is a positive change 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 dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio is 98.97%.

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.