Connor Clark & Lunn Investment Management Ltd. Purchases 9,680 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Cboe Global Markets by 8.7%, owning a total of 120,844 shares valued at approximately $27.35 million.
• The company reported earnings per share of $2.46 for the last quarter, surpassing the estimate of $2.43, with a year-over-year revenue increase of 14.3%.
• Cboe Global Markets currently has a market cap of $26.42 billion, with an average analyst rating of "Hold" and a price target of approximately $231.38.

Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,844 shares of the company's stock after purchasing an additional 9,680 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.12% of Cboe Global Markets worth $27,346,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC grew its holdings in Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after buying an additional 100 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Cboe Global Markets by 11.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 203,703 shares of the company's stock valued at $39,804,000 after buying an additional 21,161 shares in the last quarter. FIL Ltd grew its holdings in Cboe Global Markets by 22.9% during the 4th quarter. FIL Ltd now owns 35,383 shares of the company's stock valued at $6,914,000 after buying an additional 6,599 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Cboe Global Markets by 55.4% during the 4th quarter. Sterling Capital Management LLC now owns 6,252 shares of the company's stock valued at $1,222,000 after buying an additional 2,229 shares in the last quarter. Finally, Distillate Capital Partners LLC grew its holdings in Cboe Global Markets by 7.7% during the 4th quarter. Distillate Capital Partners LLC now owns 82,952 shares of the company's stock valued at $16,209,000 after buying an additional 5,937 shares in the last quarter. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Trading Down 1.9%

Shares of CBOE stock traded down $4.72 on Tuesday, reaching $248.52. 816,829 shares of the company's stock were exchanged, compared to its average volume of 877,249. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week high of $255.27. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $25.99 billion, a PE ratio of 34.42, a P/E/G ratio of 1.75 and a beta of 0.46. The company's fifty day simple moving average is $234.93 and its 200 day simple moving average is $222.71.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same quarter last year, the company posted $2.15 earnings per share. Cboe Global Markets's quarterly revenue was up 14.3% compared to the same quarter last year. As a group, analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Analysts Set New Price Targets

CBOE has been the subject of several research analyst reports. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Loop Capital set a $227.00 price target on Cboe Global Markets in a report on Monday, May 5th. UBS Group reiterated a "neutral" rating and issued a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Barclays lifted their target price on Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Finally, Cowen reiterated a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $231.38.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of Cboe Global Markets stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the sale, the executive vice president directly owned 2,183 shares of the company's stock, valued at $494,624.14. The trade was a 62.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by company insiders.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.