Brighton Jones LLC Buys New Position in Cboe Global Markets, Inc. (BATS:CBOE)

Brighton Jones LLC acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 992 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds also recently modified their holdings of the company. Axecap Investments LLC bought a new stake in shares of Cboe Global Markets in the 3rd quarter worth approximately $931,000. Aquila Investment Management LLC lifted its position in shares of Cboe Global Markets by 11.1% in the 3rd quarter. Aquila Investment Management LLC now owns 10,000 shares of the company’s stock worth $2,049,000 after acquiring an additional 1,000 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Cboe Global Markets by 22.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 2,010 shares of the company’s stock worth $412,000 after acquiring an additional 373 shares during the period. Raymond James & Associates raised its holdings in shares of Cboe Global Markets by 311.3% in the 3rd quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock worth $47,413,000 after buying an additional 175,159 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of Cboe Global Markets in the 3rd quarter worth approximately $49,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 1.0 %

Shares of CBOE opened at $212.82 on Monday. The firm has a market capitalization of $22.57 billion, a price-to-earnings ratio of 109.70 and a beta of 0.61. 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 business’s fifty day moving average price is $209.20 and its two-hundred day moving average price is $190.35. 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 announced its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. The firm had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same period last year, the company earned $1.78 EPS. On average, analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets declared that its board has authorized a stock buyback program on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their target price on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their target price on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Finally, Barclays increased their target price on Cboe Global Markets from $218.00 to $239.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus price target of $208.75.

Insider Transactions at Cboe Global Markets

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the transaction, the executive vice president now directly owns 4,328 shares in the company, valued at $879,579.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,369 shares of company stock worth $2,687,925 in the last three months. Insiders own 0.51% of the company’s stock.

About Cboe Global Markets

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.