California State Teachers Retirement System Has $50.15 Million Stock Holdings in Cboe Global Markets, Inc. $CBOE

California State Teachers Retirement System trimmed its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,429 shares of the company’s stock after selling 2,116 shares during the period. California State Teachers Retirement System owned approximately 0.17% of Cboe Global Markets worth $50,151,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CBOE. Allspring Global Investments Holdings LLC grew its position in shares of Cboe Global Markets by 13.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 59,193 shares of the company’s stock valued at $14,686,000 after acquiring an additional 7,012 shares during the period. Pacer Advisors Inc. raised its holdings in shares of Cboe Global Markets by 36.6% in the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after purchasing an additional 3,119 shares during the period. Brindle & Bay Financial Advisors LLC bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $735,000. Robeco Institutional Asset Management B.V. lifted its stake in Cboe Global Markets by 3.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 453,753 shares of the company’s stock valued at $113,892,000 after purchasing an additional 15,648 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in Cboe Global Markets in the first quarter valued at approximately $3,831,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of recent research reports. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Barclays dropped their price target on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Loop Capital set a $288.00 price objective on Cboe Global Markets in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday. Finally, Piper Sandler lowered their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus target price of $300.73.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $296.52 on Friday. The company has a 50 day moving average of $280.97 and a 200 day moving average of $290.37. The stock has a market cap of $31.45 billion, a P/E ratio of 152.85 and a beta of 0.61. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. 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 (BATS:CBOE) last posted its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million for the quarter, compared to analysts’ expectations of $688.36 million. During the same period in the prior year, the company posted $2.50 EPS. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s payout ratio is 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the transaction, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.