Hartford Investment Management Co. Reduces Position in Cboe Global Markets, Inc. (BATS:CBOE)

Hartford Investment Management Co. lessened its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 2.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,622 shares of the company’s stock after selling 137 shares during the quarter. Hartford Investment Management Co.’s holdings in Cboe Global Markets were worth $1,357,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Regal Investment Advisors LLC boosted its stake in Cboe Global Markets by 0.3% in the 2nd quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock worth $3,788,000 after purchasing an additional 56 shares during the period. First Horizon Advisors Inc. grew its stake in Cboe Global Markets by 9.7% during the second quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after acquiring an additional 63 shares in the last quarter. Kendall Capital Management grew its stake in Cboe Global Markets by 0.9% during the second quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after acquiring an additional 80 shares in the last quarter. Motley Fool Asset Management LLC lifted its stake in Cboe Global Markets by 4.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock worth $371,000 after purchasing an additional 83 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its holdings in Cboe Global Markets by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock valued at $4,468,000 after purchasing an additional 84 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CBOE. Deutsche Bank Aktiengesellschaft upped their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Oppenheimer upped their target price on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Barclays lifted their price target on Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a research report on Monday, October 7th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Finally, 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 target price for the company. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus price target of $208.75.

Insider Activity

In related news, 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 transaction of $1,229,340.00. Following the completion of the sale, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Cboe Global Markets news, EVP Dave Howson sold 5,073 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $192.16, for a total value of $974,827.68. Following the completion of the sale, the executive vice president now owns 7,573 shares in the company, valued at approximately $1,455,227.68. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the sale, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,369 shares of company stock valued at $2,687,925. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $212.94 on Friday. 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 cap of $22.58 billion, a PE ratio of 109.76 and a beta of 0.61. The company’s fifty day moving average is $209.20 and its 200 day moving average is $190.20. 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 released its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.10 by $0.05. The firm had revenue of $513.80 million for the quarter, compared to the consensus estimate of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.78 earnings per share. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has approved a share repurchase program on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership 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.