Texas Permanent School Fund Corp Has $2.96 Million Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Texas Permanent School Fund Corp lessened its position in Cboe Global Markets, Inc. (BATS:CBOE) by 28.3% during the second quarter, Holdings Channel reports. The institutional investor owned 17,425 shares of the company’s stock after selling 6,894 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Cboe Global Markets were worth $2,963,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. FinTrust Capital Advisors LLC grew its stake in Cboe Global Markets by 170.0% in the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock valued at $25,000 after purchasing an additional 85 shares in the last quarter. Optiver Holding B.V. bought a new position in Cboe Global Markets in the fourth quarter valued at approximately $29,000. ORG Partners LLC bought a new position in Cboe Global Markets in the second quarter valued at approximately $30,000. Redmont Wealth Advisors LLC bought a new position in Cboe Global Markets in the first quarter valued at approximately $42,000. Finally, Riverview Trust Co bought a new position in Cboe Global Markets in the first quarter valued at approximately $44,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

CBOE has been the subject of a number of analyst reports. Barclays raised their price target on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price target for the company from $168.00 to $195.00 in a research note on Monday, August 5th. Piper Sandler reiterated an “overweight” rating and set a $210.00 target price (up from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Keefe, Bruyette & Woods lifted their target price 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. Finally, Deutsche Bank Aktiengesellschaft lifted their target price 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $199.64.

Cboe Global Markets Stock Performance

CBOE opened at $209.59 on Monday. The business has a fifty day simple moving average of $196.23 and a 200 day simple moving average of $184.88. The company has a market capitalization of $22.23 billion, a PE ratio of 108.04 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

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. The business had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 EPS. Research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.63 dividend. The ex-dividend date was Friday, August 30th. This is an increase 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 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a stock buyback plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction 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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction 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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the completion of the transaction, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at $9,074,625. The disclosure for this sale can be found here. Insiders sold 24,261 shares of company stock valued at $4,654,822 in the last three months. Corporate 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.