Quantbot Technologies LP Buys 23,526 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Quantbot Technologies LP increased its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 152.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,955 shares of the company’s stock after acquiring an additional 23,526 shares during the period. Quantbot Technologies LP’s holdings in Cboe Global Markets were worth $7,981,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. National Bank of Canada FI lifted its position in Cboe Global Markets by 18.4% in the second quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock valued at $6,026,000 after purchasing an additional 5,458 shares during the last quarter. Americana Partners LLC raised its holdings in Cboe Global Markets by 3.8% during the 2nd quarter. Americana Partners LLC now owns 2,444 shares of the company’s stock valued at $416,000 after buying an additional 90 shares during the last quarter. XTX Topco Ltd purchased a new stake in Cboe Global Markets during the 2nd quarter valued at $1,359,000. Burney Co. grew its holdings in Cboe Global Markets by 59.9% in the 2nd quarter. Burney Co. now owns 5,609 shares of the company’s stock worth $954,000 after acquiring an additional 2,102 shares during the last quarter. Finally, Swedbank AB grew its holdings in Cboe Global Markets by 305.2% in the 3rd quarter. Swedbank AB now owns 94,392 shares of the company’s stock worth $19,338,000 after acquiring an additional 71,097 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Piper Sandler increased their target price on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Royal Bank of Canada reaffirmed 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. Morgan Stanley lowered Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 price objective on the stock. in a research report on Wednesday, November 6th. Barclays reduced their target price on 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. Finally, Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $209.42.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The trade was a 15.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the sale, 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 position. The disclosure for this sale can be found here. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $213.29 on Tuesday. The company’s fifty day moving average price is $207.83 and its 200-day moving average price is $194.27. The stock has a market cap of $22.62 billion, a PE ratio of 109.94 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, November 1st. The company reported $2.22 EPS for the quarter, topping the consensus estimate of $2.19 by $0.03. The business had revenue of $532.00 million for the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.06 earnings per share. On average, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

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 paid a $0.63 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets announced that its Board of Directors has approved a stock repurchase plan on Friday, August 16th that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 2.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.