California Public Employees Retirement System Lowers Stock Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

California Public Employees Retirement System reduced its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 828,977 shares of the company’s stock after selling 11,230 shares during the period. California Public Employees Retirement System’s holdings in Cboe Global Markets were worth $98,690,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Managed Account Solutions Inc. purchased a new position in Cboe Global Markets in the 2nd quarter worth approximately $28,000. Advisory Services Network LLC purchased a new position in Cboe Global Markets in the 2nd quarter worth approximately $34,000. Fifth Third Bancorp lifted its holdings in Cboe Global Markets by 33.9% in the 2nd quarter. Fifth Third Bancorp now owns 332 shares of the company’s stock worth $40,000 after purchasing an additional 84 shares in the last quarter. Berman Capital Advisors LLC lifted its holdings in Cboe Global Markets by 296.4% in the 2nd quarter. Berman Capital Advisors LLC now owns 333 shares of the company’s stock worth $39,000 after purchasing an additional 249 shares in the last quarter. Finally, Ameritas Investment Company LLC purchased a new position in Cboe Global Markets in the 1st quarter worth approximately $34,000. 79.76% of the stock is currently owned by institutional investors.

Shares of NASDAQ CBOE opened at $124.96 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $13.33 billion, a P/E ratio of 30.70 and a beta of 0.66. Cboe Global Markets, Inc. has a 1-year low of $77.63 and a 1-year high of $139.00. The business has a fifty day moving average price of $124.62 and a 200 day moving average price of $116.06.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Thursday, July 29th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.36 by $0.02. Cboe Global Markets had a return on equity of 16.65% and a net margin of 12.73%. The company had revenue of $350.60 million during the quarter, compared to analysts’ expectations of $346.64 million. During the same period last year, the business posted $1.31 earnings per share. The firm’s revenue was up 18.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Cboe Global Markets, Inc. will post 5.52 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Tuesday, August 31st were paid a $0.48 dividend. The ex-dividend date was Monday, August 30th. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.42. This represents a $1.92 dividend on an annualized basis and a yield of 1.54%. Cboe Global Markets’s dividend payout ratio (DPR) is 36.43%.

CBOE has been the topic of a number of research analyst reports. Piper Sandler boosted their price target on Cboe Global Markets from $113.00 to $117.00 and gave the stock an “overweight” rating in a report on Monday, July 12th. Compass Point raised Cboe Global Markets from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $125.00 to $140.00 in a report on Thursday, October 7th. UBS Group upped their price objective on Cboe Global Markets from $111.00 to $124.00 and gave the stock a “neutral” rating in a report on Wednesday, July 7th. Argus boosted their target price on Cboe Global Markets from $120.00 to $133.00 and gave the company a “buy” rating in a research report on Wednesday, August 4th. Finally, Zacks Investment Research downgraded Cboe Global Markets from a “buy” rating to a “hold” rating and set a $124.00 target price on the stock. in a research report on Tuesday, June 22nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $191.57.

In other Cboe Global Markets news, CEO Edward T. Tilly sold 7,500 shares of the stock in a transaction dated Tuesday, August 3rd. The stock was sold at an average price of $119.93, for a total value of $899,475.00. Following the completion of the sale, the chief executive officer now directly owns 162,574 shares in the company, valued at $19,497,499.82. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.56% of the company’s stock.

Cboe Global Markets Profile

Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, North American Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.

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Institutional Ownership by Quarter for Cboe Global Markets (NASDAQ:CBOE)

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