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

California Public Employees Retirement System cut its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 670,235 shares of the company’s stock after selling 6,797 shares during the quarter. California Public Employees Retirement System owned 0.63% of Cboe Global Markets worth $119,677,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. FMR LLC lifted its holdings in Cboe Global Markets by 15.1% in the third quarter. FMR LLC now owns 2,206,823 shares of the company’s stock valued at $344,728,000 after acquiring an additional 289,048 shares during the period. Morgan Stanley lifted its holdings in Cboe Global Markets by 24.5% in the third quarter. Morgan Stanley now owns 1,742,946 shares of the company’s stock valued at $272,266,000 after acquiring an additional 342,505 shares during the period. Northern Trust Corp lifted its holdings in Cboe Global Markets by 6.0% in the third quarter. Northern Trust Corp now owns 1,223,219 shares of the company’s stock valued at $191,079,000 after acquiring an additional 68,760 shares during the period. Lord Abbett & CO. LLC lifted its holdings in Cboe Global Markets by 7.5% in the third quarter. Lord Abbett & CO. LLC now owns 1,133,901 shares of the company’s stock valued at $177,127,000 after acquiring an additional 78,675 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Cboe Global Markets by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 830,962 shares of the company’s stock valued at $129,805,000 after acquiring an additional 6,076 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Dave Howson sold 5,322 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total transaction of $995,001.12. Following the transaction, the executive vice president now directly owns 17,573 shares of the company’s stock, valued at approximately $3,285,448.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.51% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CBOE shares. Citigroup lifted their price target on Cboe Global Markets from $170.00 to $188.00 and gave the stock a “neutral” rating in a research note on Friday, January 12th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $197.00 price target on shares of Cboe Global Markets in a research note on Thursday, April 4th. Bank of America lifted their price target on Cboe Global Markets from $200.00 to $204.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Barclays lifted their price objective on Cboe Global Markets from $200.00 to $211.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Rosenblatt Securities lifted their price objective on Cboe Global Markets from $192.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $190.18.

Cboe Global Markets Stock Down 0.8 %

CBOE opened at $178.50 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $18.93 billion, a price-to-earnings ratio of 92.01 and a beta of 0.61. The business has a 50-day moving average of $184.11 and a two-hundred day moving average of $178.78. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, February 2nd. The company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.02. The business had revenue of $499.00 million for the quarter, compared to analyst estimates of $510.65 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.80 EPS. On average, research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend was Wednesday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

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.