Northwest & Ethical Investments L.P. Buys 5,200 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Northwest & Ethical Investments L.P. increased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 13.6% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 43,508 shares of the company’s stock after acquiring 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 reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tidal Investments LLC grew its position in Cboe Global Markets by 7.2% during the 1st quarter. Tidal Investments LLC now owns 13,541 shares of the company’s stock worth $2,488,000 after acquiring an additional 904 shares during the last quarter. Comerica Bank increased its position in Cboe Global Markets by 42.6% in the 1st quarter. Comerica Bank now owns 30,009 shares of the company’s stock valued at $5,514,000 after acquiring an additional 8,970 shares in the last quarter. iA Global Asset Management Inc. raised its stake in shares of Cboe Global Markets by 16.6% in the first quarter. iA Global Asset Management Inc. now owns 4,256 shares of the company’s stock worth $782,000 after acquiring an additional 607 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of Cboe Global Markets during the first quarter worth approximately $77,000. Finally, Swedbank AB acquired a new stake in shares of Cboe Global Markets in the first quarter valued at approximately $844,000. Institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets 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 owns 39,855 shares in the company, valued at $8,165,890.95. This trade represents a 13.08 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $217.84 on Friday. The stock has a 50-day moving average of $208.04 and a 200-day moving average of $194.69. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The stock has a market cap of $23.10 billion, a PE ratio of 112.29 and a beta of 0.61. 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 earnings results on Friday, November 1st. The company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.19 by $0.03. The firm had revenue of $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.06 earnings per share. As a group, sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets announced that its Board of Directors has initiated a stock buyback 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 leadership believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on CBOE. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a report on Monday, November 4th. Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Oppenheimer lifted their price objective 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. Deutsche Bank Aktiengesellschaft raised Cboe Global Markets from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $212.00 to $222.00 in a report on Monday, November 11th. Finally, Piper Sandler raised their target price on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.