Cboe Global Markets, Inc. (BATS:CBOE) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 1,338.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,057 shares of the company’s stock after acquiring an additional 35,411 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Cboe Global Markets were worth $7,797,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ORG Partners LLC acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth about $30,000. Friedenthal Financial purchased a new position in shares of Cboe Global Markets during the third quarter valued at approximately $49,000. Ashton Thomas Private Wealth LLC acquired a new stake in Cboe Global Markets during the second quarter worth approximately $51,000. GPS Wealth Strategies Group LLC grew its stake in Cboe Global Markets by 59.1% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after acquiring an additional 123 shares during the period. Finally, Intact Investment Management Inc. purchased a new stake in Cboe Global Markets in the 3rd quarter worth approximately $74,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $213.36 on Friday. The firm has a fifty day moving average of $207.83 and a 200-day moving average of $193.93. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. 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 firm has a market capitalization of $22.63 billion, a P/E ratio of 109.98 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) 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 firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. The firm’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.06 EPS. As a group, analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS 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. Investors of record on Friday, November 29th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.18%. The ex-dividend date is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CBOE. Oppenheimer raised their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Piper Sandler raised their price target 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. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Finally, TD Cowen assumed coverage on shares of Cboe Global Markets in a report on Thursday, September 26th. They issued a “hold” rating and a $205.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $209.42.

Insider Buying and Selling

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’s 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 completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. This trade represents a 15.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the business’s 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 completion of the transaction, the chief operating officer now owns 39,855 shares in the company, valued at approximately $8,165,890.95. This trade represents a 13.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,696 shares of company stock valued at $1,591,160. Corporate insiders own 0.51% of the company’s stock.

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.