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

California Public Employees Retirement System cut its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.3% in the 4th quarter, HoldingsChannel reports. The firm owned 571,045 shares of the company’s stock after selling 7,810 shares during the quarter. California Public Employees Retirement System’s holdings in Cboe Global Markets were worth $111,582,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in Cboe Global Markets during the fourth quarter valued at about $269,524,000. Raymond James Financial Inc. purchased a new position in Cboe Global Markets in the fourth quarter valued at about $59,206,000. Arrowstreet Capital Limited Partnership grew its position in shares of Cboe Global Markets by 270.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 299,690 shares of the company’s stock valued at $58,559,000 after acquiring an additional 218,865 shares during the period. Amundi increased its stake in shares of Cboe Global Markets by 27.2% during the 4th quarter. Amundi now owns 885,659 shares of the company’s stock worth $170,923,000 after purchasing an additional 189,280 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Cboe Global Markets by 64.2% in the 4th quarter. Victory Capital Management Inc. now owns 391,636 shares of the company’s stock worth $76,526,000 after purchasing an additional 153,184 shares during the period. 82.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. The trade was a 57.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Adam Inzirillo sold 200 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total value of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Trading Up 1.5 %

Shares of NASDAQ:CBOE opened at $226.06 on Tuesday. The company’s 50 day moving average price is $210.42. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $23.67 billion, a PE ratio of 31.31, a P/E/G ratio of 1.75 and a beta of 0.67. Cboe Global Markets, Inc. has a 12 month low of $166.13 and a 12 month high of $227.22.

Cboe Global Markets (NASDAQ:CBOE) last released its quarterly earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the previous year, the business earned $2.06 EPS. On average, equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.63 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.11%. Cboe Global Markets’s payout ratio is currently 34.90%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, March 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. William Blair initiated coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating on the stock. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research report on Monday, January 6th. Finally, Oppenheimer lowered their price target on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and an average target price of $206.86.

Cboe Global Markets Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.