Cboe Global Markets, Inc. $CBOE Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System cut its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 15.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 342,737 shares of the company’s stock after selling 64,697 shares during the quarter. California Public Employees Retirement System’s holdings in Cboe Global Markets were worth $84,056,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CBOE. Headlands Technologies LLC purchased a new position in shares of Cboe Global Markets during the 2nd quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Cboe Global Markets in the 2nd quarter worth $33,000. Physician Wealth Advisors Inc. raised its position in Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 55 shares during the period. Ameriflex Group Inc. raised its position in Cboe Global Markets by 97.4% during the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock worth $38,000 after acquiring an additional 76 shares during the period. Finally, Dakota Community Bank & Trust NA purchased a new position in Cboe Global Markets during the third quarter valued at $42,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Stock Up 0.6%

CBOE stock opened at $291.78 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average of $278.50 and a two-hundred day moving average of $257.43. Cboe Global Markets, Inc. has a 12 month low of $200.88 and a 12 month high of $305.68. The company has a market cap of $30.95 billion, a price-to-earnings ratio of 150.40 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.93 by $0.13. The business had revenue of $671.10 million for the quarter, compared to analysts’ expectations of $659.59 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. As a group, analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Shareholders of record on Friday, February 27th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, February 27th. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets’s payout ratio is 98.97%.

Insiders Place Their Bets

In other news, Director Alexander Matturri, Jr. sold 1,500 shares of Cboe Global Markets stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total transaction of $428,040.00. Following the transaction, the director owned 4,761 shares in the company, valued at $1,358,598.96. The trade was a 23.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the transaction, the chief accounting officer directly owned 410 shares in the company, valued at approximately $120,043.90. The trade was a 37.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 5,695 shares of company stock valued at $1,628,981. Insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

CBOE has been the topic of several research analyst reports. Argus upgraded shares of Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. TD Cowen restated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. Piper Sandler lifted their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. UBS Group reiterated a “neutral” rating and set a $290.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Finally, Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $279.00.

Cboe Global Markets 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. 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.