Illinois Municipal Retirement Fund Sells 2,848 Shares of Cboe Global Markets, Inc. $CBOE

Illinois Municipal Retirement Fund lessened its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,421 shares of the company’s stock after selling 2,848 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cboe Global Markets were worth $19,233,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Sagespring Wealth Partners LLC boosted its position in Cboe Global Markets by 4.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock valued at $260,000 after buying an additional 42 shares during the period. IHT Wealth Management LLC boosted its holdings in shares of Cboe Global Markets by 4.5% during the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after purchasing an additional 44 shares during the period. Apollon Wealth Management LLC grew its stake in shares of Cboe Global Markets by 3.7% in the second quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock worth $294,000 after purchasing an additional 45 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in Cboe Global Markets by 3.2% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock valued at $349,000 after purchasing an additional 46 shares during the period. Finally, Concurrent Investment Advisors LLC raised its position in Cboe Global Markets by 3.3% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 1,438 shares of the company’s stock valued at $353,000 after purchasing an additional 46 shares during the last quarter. Institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Stock Down 2.0%

NASDAQ:CBOE opened at $268.64 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm’s 50-day moving average price is $261.00 and its 200-day moving average price is $250.28. The company has a market capitalization of $28.11 billion, a PE ratio of 37.21, a P/E/G ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a 1-year low of $200.88 and a 1-year high of $283.13.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The business’s quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.10 earnings per share. On average, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.72 dividend. This represents a dividend yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s payout ratio is currently 27.64%.

Analyst Ratings Changes

CBOE has been the topic of a number of recent analyst reports. Citigroup lifted their price objective on Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Morgan Stanley boosted their price target on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research report on Monday, December 22nd. Finally, Zacks Research raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $279.00.

Cboe Global Markets Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.