Isthmus Partners LLC Has $13.06 Million Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Isthmus Partners LLC trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,749 shares of the company’s stock after selling 160 shares during the period. Cboe Global Markets accounts for about 1.6% of Isthmus Partners LLC’s portfolio, making the stock its 28th biggest holding. Isthmus Partners LLC’s holdings in Cboe Global Markets were worth $13,060,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. ORG Partners LLC bought a new position in shares of Cboe Global Markets during the second quarter worth approximately $30,000. Friedenthal Financial bought a new position in shares of Cboe Global Markets during the third quarter worth approximately $49,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Cboe Global Markets during the second quarter worth approximately $51,000. Brooklyn Investment Group bought a new position in shares of Cboe Global Markets during the third quarter worth approximately $66,000. Finally, GPS Wealth Strategies Group LLC increased its stake in shares of Cboe Global Markets by 59.1% during the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after purchasing an additional 123 shares during the period. Institutional investors own 81.73% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the topic of a number of recent research reports. TD Cowen assumed coverage on Cboe Global Markets in a research note on Thursday, September 26th. They set a “hold” rating and a $205.00 target price on the stock. Piper Sandler raised their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Keefe, Bruyette & Woods raised their price objective 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and raised their price objective for the stock from $212.00 to $222.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $209.42.

Insiders Place Their Bets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The trade was a 15.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction dated 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 transaction, the chief operating officer now directly owns 39,855 shares in the company, valued at $8,165,890.95. The trade was a 13.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 0.3 %

BATS CBOE opened at $217.84 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. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00. The company has a market cap of $23.10 billion, a price-to-earnings ratio of 112.29 and a beta of 0.61. The business’s fifty day moving average is $208.04 and its 200 day moving average is $194.69.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.03. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $532.00 million for the quarter, compared to the consensus estimate of $530.46 million. During the same quarter last year, the business posted $2.06 EPS. Cboe Global Markets’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s payout ratio is presently 98.97%.

Cboe Global Markets declared that its Board of Directors has approved a stock buyback program on Friday, August 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Cboe Global Markets 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.