State of New Jersey Common Pension Fund D Lowers Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

State of New Jersey Common Pension Fund D lowered its position in Cboe Global Markets, Inc. (BATS:CBOE) by 32.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,009 shares of the company’s stock after selling 18,675 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Cboe Global Markets were worth $6,634,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Cboe Global Markets during the fourth quarter worth about $226,557,000. Perpetual Ltd purchased a new stake in Cboe Global Markets during the first quarter worth about $74,868,000. Allianz Asset Management GmbH increased its holdings 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 worth $56,716,000 after buying an additional 258,753 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Cboe Global Markets by 66.5% during the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after buying an additional 246,442 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in Cboe Global Markets by 36.2% during the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after buying an additional 132,833 shares during the last quarter. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Barclays lifted their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Oppenheimer lifted their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $199.64.

Cboe Global Markets Price Performance

CBOE stock opened at $209.59 on Monday. The firm has a 50 day moving average of $196.23 and a 200-day moving average of $184.88. 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. The firm has a market capitalization of $22.23 billion, a P/E ratio of 108.04 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $513.80 million during the quarter, compared to analyst estimates of $514.51 million. During the same period last year, the business earned $1.78 earnings per share. Cboe Global Markets’s revenue was up 10.0% compared to the same quarter last year. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.63 per share. The ex-dividend date was Friday, August 30th. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a yield of 1.20%. Cboe Global Markets’s payout ratio is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has authorized a share buyback program 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 stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the completion of the sale, the chief operating officer now directly owns 51,855 shares in the company, valued at $9,074,625. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the sale, the executive vice president now owns 15,073 shares of the company’s stock, valued at $2,813,676.91. The disclosure for this sale can be found here. Insiders sold a total of 24,261 shares of company stock worth $4,654,822 over the last three months. 0.51% of the stock is owned by insiders.

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.