Public Employees Retirement Association of Colorado Sells 450 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Public Employees Retirement Association of Colorado cut its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 0.4% in the second quarter, Holdings Channel reports. The fund owned 115,894 shares of the company’s stock after selling 450 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Cboe Global Markets were worth $19,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CBOE. First Horizon Advisors Inc. lifted its holdings in Cboe Global Markets by 9.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after purchasing an additional 63 shares during the last quarter. Marion Wealth Management increased its holdings in shares of Cboe Global Markets by 0.7% during the first quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock worth $1,895,000 after buying an additional 76 shares in the last quarter. Kendall Capital Management raised its stake in shares of Cboe Global Markets by 0.9% in the second quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after acquiring an additional 80 shares during the last quarter. Motley Fool Asset Management LLC raised its stake in shares of Cboe Global Markets by 4.3% in the first quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock valued at $371,000 after acquiring an additional 83 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of Cboe Global Markets by 0.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock worth $4,468,000 after acquiring an additional 84 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CBOE shares. Piper Sandler reaffirmed an “overweight” rating and set a $210.00 price target (up from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $168.00 to $195.00 in a report on Monday, August 5th. Barclays upped their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods raised their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research report on Monday, August 5th. Finally, Oppenheimer upped 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 report on Monday, August 5th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $199.64.

Cboe Global Markets Price Performance

CBOE opened at $207.44 on Friday. The company has a fifty day moving average price of $199.60 and a two-hundred day moving average price of $185.54. The firm has a market capitalization of $22.00 billion, a PE ratio of 106.93 and a beta of 0.61. 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.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. The business had revenue of $513.80 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 earnings per share. As a group, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a $0.63 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.21%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets announced that its board has approved a stock repurchase plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity at Cboe Global Markets

In related news, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at $879,579.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the sale, the chief operating officer now directly owns 39,855 shares in the company, valued at approximately $8,165,890.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Catherine R. Clay sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares of the company’s stock, valued at approximately $879,579.44. The disclosure for this sale can be found here. Insiders have sold 18,261 shares of company stock worth $3,604,822 in the last ninety days. Company insiders own 0.51% of the company’s stock.

About Cboe Global Markets

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.