Squarepoint Ops LLC Buys 109,220 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Squarepoint Ops LLC increased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 1,044.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,673 shares of the company’s stock after acquiring an additional 109,220 shares during the quarter. Squarepoint Ops LLC owned approximately 0.11% of Cboe Global Markets worth $20,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Perpetual Ltd purchased a new position in Cboe Global Markets during the first quarter valued at $74,868,000. Marshall Wace LLP raised its stake in Cboe Global Markets by 306.6% during the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after buying an additional 402,547 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Cboe Global Markets by 439.5% during the fourth quarter. Allianz Asset Management GmbH now owns 317,631 shares of the company’s stock valued at $56,716,000 after buying an additional 258,753 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Cboe Global Markets by 66.5% in the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after purchasing an additional 246,442 shares during the last quarter. Finally, TD Asset Management Inc raised its stake in shares of Cboe Global Markets by 36.2% in the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after purchasing an additional 132,833 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $204.21 on Friday. The stock has a 50-day simple moving average of $202.63 and a two-hundred day simple moving average of $186.20. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market capitalization of $21.66 billion, a PE ratio of 105.26 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The business had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the previous year, the company posted $1.78 earnings per share. Cboe Global Markets’s revenue for the quarter was up 10.0% on a year-over-year basis. Analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.63 dividend. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.23%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets announced that its board has approved a share 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 repurchase up to 2.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CBOE shares. Deutsche Bank Aktiengesellschaft boosted their price target on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Barclays boosted their price target on Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Keefe, Bruyette & Woods boosted 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. TD Cowen started coverage on Cboe Global Markets in a research note on Thursday. They issued a “hold” rating and a $205.00 price target for the company. Finally, Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and a consensus target price of $200.08.

Insider Transactions at Cboe Global Markets

In other news, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $188.22, for a total value of $450,222.24. Following the completion of the transaction, the executive vice president now owns 12,681 shares of the company’s stock, valued at $2,386,817.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Dave Howson sold 2,392 shares of the company’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $188.22, for a total value of $450,222.24. Following the completion of the transaction, the executive vice president now owns 12,681 shares of the company’s stock, valued at $2,386,817.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. The disclosure for this sale can be found here. Insiders sold a total of 18,261 shares of company stock valued at $3,604,822 over the last 90 days. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Company 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.