Quantbot Technologies LP Raises Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Quantbot Technologies LP grew its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 152.5% during the third quarter, HoldingsChannel.com reports. The fund owned 38,955 shares of the company’s stock after buying an additional 23,526 shares during the quarter. Quantbot Technologies LP’s holdings in Cboe Global Markets were worth $7,981,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. ORG Partners LLC bought a new stake in Cboe Global Markets in the 2nd quarter worth approximately $30,000. Friedenthal Financial bought a new stake in shares of Cboe Global Markets in the third quarter worth $49,000. Ashton Thomas Private Wealth LLC purchased a new stake in Cboe Global Markets during the second quarter valued at $51,000. GPS Wealth Strategies Group LLC lifted its holdings in Cboe Global Markets by 59.1% in the second quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock valued at $56,000 after acquiring an additional 123 shares during the period. Finally, Intact Investment Management Inc. bought a new position in Cboe Global Markets in the third quarter valued at about $74,000. 81.73% of the stock is currently owned by institutional investors.

Insider Transactions at Cboe Global Markets

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

Analyst Ratings Changes

Several equities research analysts have recently commented on CBOE shares. Oppenheimer upped their price target on shares of Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the company from $168.00 to $195.00 in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upgraded shares of Cboe Global Markets from a “hold” rating to a “buy” rating and lifted their price target for the stock from $212.00 to $222.00 in a research note on Monday, November 11th. Piper Sandler upped their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley downgraded Cboe Global Markets from an “equal weight” rating to an “underweight” rating and set a $199.00 target price on the stock. in a research report on Wednesday, November 6th. 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, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $209.42.

Cboe Global Markets Price Performance

BATS:CBOE opened at $213.29 on Tuesday. The business’s 50-day simple moving average is $207.83 and its two-hundred day simple moving average is $194.27. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. 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 quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

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

Cboe Global Markets declared that its board has authorized a share repurchase plan on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend is Friday, November 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets Profile

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.