Public Employees Retirement System of Ohio Makes New Investment in Cboe Global Markets, Inc. $CBOE

Public Employees Retirement System of Ohio purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 29,864 shares of the company’s stock, valued at approximately $7,247,000.

A number of other institutional investors also recently modified their holdings of the company. Emerald Investment Advisers LLC bought a new stake in Cboe Global Markets in the second quarter worth approximately $3,686,000. Danske Bank A S bought a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $658,000. Pacer Advisors Inc. boosted its holdings in shares of Cboe Global Markets by 36.6% during the 4th quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after buying an additional 3,119 shares in the last quarter. Bleakley Financial Group LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $3,831,000. Finally, Fideuram Asset Management Ireland dac acquired a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $995,000. 81.73% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CBOE shares. Barclays boosted their target price on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. TD Cowen lifted their price target on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $315.30.

Cboe Global Markets Stock Up 2.5%

Shares of BATS:CBOE opened at $307.62 on Wednesday. The business’s 50 day moving average is $281.29 and its 200 day moving average is $294.62. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The stock has a market cap of $32.63 billion, a price-to-earnings ratio of 158.57 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. During the same period last year, the business earned $2.46 EPS. The business’s revenue was up 24.6% on a year-over-year basis. On average, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. Cboe Global Markets’s payout ratio is 98.97%.

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.