Freedom Investment Management Inc. Invests $1.02 Million in Cboe Global Markets, Inc. (BATS:CBOE)

Freedom Investment Management Inc. acquired a new position in Cboe Global Markets, Inc. (BATS:CBOE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 4,995 shares of the company’s stock, valued at approximately $1,023,000.

Other hedge funds also recently bought and sold shares of the company. Landscape Capital Management L.L.C. increased its position in shares of Cboe Global Markets by 2.9% during the 3rd quarter. Landscape Capital Management L.L.C. now owns 1,850 shares of the company’s stock valued at $379,000 after purchasing an additional 52 shares during the last quarter. Americana Partners LLC boosted its stake in Cboe Global Markets by 2.2% during the third quarter. Americana Partners LLC now owns 2,498 shares of the company’s stock worth $512,000 after buying an additional 54 shares during the period. Regal Investment Advisors LLC increased its position in Cboe Global Markets by 0.3% during the second quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock valued at $3,788,000 after acquiring an additional 56 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Cboe Global Markets by 9.7% in 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 during the period. Finally, Empirical Finance LLC lifted its holdings in shares of Cboe Global Markets by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 3,649 shares of the company’s stock worth $748,000 after acquiring an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of CBOE opened at $218.14 on Thursday. 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 company has a 50 day moving average price of $207.90 and a 200-day moving average price of $194.53. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. The stock has a market capitalization of $23.14 billion, a PE ratio of 112.44 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, November 1st. The company reported $2.22 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $530.46 million. During the same quarter in the prior year, the business earned $2.06 earnings per share. Cboe Global Markets’s revenue was up 10.7% on a year-over-year basis. Equities analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets announced that its board has authorized a stock repurchase program on Friday, August 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 2.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

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 paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $2.52 annualized dividend and a yield of 1.16%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the sale, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. This represents a 15.50 % decrease in their position. The sale was disclosed in a document filed 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 Tuesday, September 3rd. The shares were 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. This represents a 13.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a report on Monday, November 4th. Deutsche Bank Aktiengesellschaft upgraded Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price objective for the company from $212.00 to $222.00 in a report on Monday, November 11th. Oppenheimer increased 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. Finally, Keefe, Bruyette & Woods lifted their target price on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $209.42.

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.