Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 169,634 Cboe Global Markets, Inc. $CBOE

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 169,634 shares of the company’s stock, valued at approximately $41,165,000. Connor Clark & Lunn Investment Management Ltd. owned 0.16% of Cboe Global Markets at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Emerald Investment Advisers LLC purchased a new position in shares of Cboe Global Markets during the second quarter worth about $3,686,000. Danske Bank A S purchased a new stake in Cboe Global Markets during the 2nd quarter valued at approximately $658,000. Pacer Advisors Inc. raised its stake in Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock valued at $2,921,000 after acquiring an additional 3,119 shares during the last quarter. Bleakley Financial Group LLC acquired a new stake in Cboe Global Markets during the 1st quarter worth approximately $3,831,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in Cboe Global Markets during the 4th quarter worth approximately $995,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CBOE shares. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Barclays increased their price target on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Finally, Piper Sandler cut their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research report on Wednesday, July 15th. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $315.30.

Cboe Global Markets Stock Up 2.4%

CBOE opened at $308.09 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The business has a 50 day simple moving average of $274.86 and a 200-day simple moving average of $293.14. The stock has a market capitalization of $32.68 billion, a P/E ratio of 158.81 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.Cboe Global Markets’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.46 earnings per share. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Insider Buying and Selling

In related news, Director Janet P. Froetscher sold 937 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.