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

Connor Clark & Lunn Investment Management Ltd. increased its position in Cboe Global Markets, Inc. (BATS:CBOE) by 1,338.3% in the third quarter, Holdings Channel reports. The firm owned 38,057 shares of the company’s stock after purchasing an additional 35,411 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Cboe Global Markets were worth $7,797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CBOE. Marshall Wace LLP boosted its holdings in shares of Cboe Global Markets by 306.6% in the 2nd quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after buying an additional 402,547 shares during the period. Los Angeles Capital Management LLC boosted its stake in Cboe Global Markets by 66.5% in the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after acquiring an additional 246,442 shares during the period. Raymond James & Associates grew its holdings in shares of Cboe Global Markets by 311.3% during the third quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock valued at $47,413,000 after purchasing an additional 175,159 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Cboe Global Markets by 36.2% during the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock valued at $85,029,000 after purchasing an additional 132,833 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Cboe Global Markets by 1,044.9% during the 2nd quarter. Squarepoint Ops LLC now owns 119,673 shares of the company’s stock worth $20,352,000 after purchasing an additional 109,220 shares during the period. 81.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on 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 owns 39,855 shares in the company, valued at approximately $8,165,890.95. The trade was a 13.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This trade represents a 15.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,696 shares of company stock worth $1,591,160. 0.51% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CBOE shares. Piper Sandler boosted their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price target for the company from $212.00 to $222.00 in a report on Monday, November 11th. Oppenheimer upped their price target on shares of Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Barclays cut their price objective on shares of Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and an average price target of $209.42.

Cboe Global Markets Price Performance

BATS CBOE opened at $213.36 on Friday. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The firm has a market capitalization of $22.63 billion, a PE ratio of 109.98 and a beta of 0.61. The company’s 50 day simple moving average is $207.83 and its 200 day simple moving average is $193.93. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued 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 company had revenue of $532.00 million for the quarter, compared to analysts’ expectations of $530.46 million. During the same period last year, the firm earned $2.06 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets announced that its board has approved a share repurchase plan on Friday, August 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to purchase up to 2.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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.