Cboe Global Markets, Inc. (BATS:CBOE) Shares Acquired by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. raised its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 13.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,508 shares of the company’s stock after purchasing an additional 5,200 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Cboe Global Markets were worth $8,913,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Counselors Inc. bought a new stake in shares of Cboe Global Markets during the third quarter valued at approximately $328,000. Public Sector Pension Investment Board increased its position in Cboe Global Markets by 2.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 18,197 shares of the company’s stock valued at $3,728,000 after acquiring an additional 400 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Cboe Global Markets by 3.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 53,993 shares of the company’s stock valued at $11,018,000 after acquiring an additional 1,753 shares in the last quarter. CreativeOne Wealth LLC boosted its position in Cboe Global Markets by 106.5% during the 3rd quarter. CreativeOne Wealth LLC now owns 4,658 shares of the company’s stock worth $954,000 after acquiring an additional 2,402 shares during the period. Finally, Glenmede Trust Co. NA grew its stake in shares of Cboe Global Markets by 221.5% in the third quarter. Glenmede Trust Co. NA now owns 9,351 shares of the company’s stock worth $1,916,000 after purchasing an additional 6,442 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Insider Activity at Cboe Global Markets

In related news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. The trade was a 13.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. This trade represents a 15.50 % decrease in their position. The disclosure for this sale can be found here. 0.51% of the stock is owned by insiders.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $217.84 on Friday. The stock’s fifty day simple moving average is $208.04 and its 200 day simple moving average is $194.69. The stock has a market capitalization of $23.10 billion, a price-to-earnings ratio of 112.29 and a beta of 0.61. 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 52-week low of $103.82 and a 52-week high of $139.00.

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

Cboe Global Markets Dividend Announcement

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

Cboe Global Markets declared that its Board of Directors has approved a stock repurchase program on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

CBOE has been the subject of several research analyst reports. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $168.00 to $195.00 in a report on Monday, August 5th. TD Cowen initiated coverage on shares of Cboe Global Markets in a research note on Thursday, September 26th. They issued a “hold” rating and a $205.00 price target for the company. Barclays lowered 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 note on Monday, November 4th. Oppenheimer upped their target price on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a research report on Monday, November 4th. One 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, the stock currently has a consensus rating of “Hold” and an average price target of $209.42.

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.