Teachers Retirement System of The State of Kentucky Lowers Stock Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Teachers Retirement System of The State of Kentucky cut its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,056 shares of the company’s stock after selling 493 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Cboe Global Markets were worth $1,617,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Neo Ivy Capital Management purchased a new stake in shares of Cboe Global Markets during the 4th quarter valued at $240,000. Cim LLC acquired a new stake in Cboe Global Markets during the fourth quarter worth about $1,138,000. Sierra Summit Advisors LLC acquired a new stake in Cboe Global Markets during the fourth quarter worth about $6,877,000. V Square Quantitative Management LLC raised its stake in Cboe Global Markets by 78.6% during the fourth quarter. V Square Quantitative Management LLC now owns 4,131 shares of the company’s stock worth $738,000 after acquiring an additional 1,818 shares during the period. Finally, Wellington Wealth Strategies LLC. acquired a new stake in Cboe Global Markets during the fourth quarter worth about $294,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 1,100 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $185.06, for a total value of $203,566.00. Following the transaction, the executive vice president now directly owns 4,656 shares in the company, valued at $861,639.36. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.51% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CBOE. Rosenblatt Securities upped their target price on shares of Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $199.00 price objective (down previously from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Oppenheimer reaffirmed an “outperform” rating and issued a $206.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 6th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $197.00 target price on shares of Cboe Global Markets in a research note on Thursday, April 4th. Finally, Bank of America lifted their target price on shares of Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $191.00.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $175.91 on Friday. The firm’s 50-day moving average is $177.70 and its 200-day moving average is $180.74. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $18.66 billion, a price-to-earnings ratio of 90.68 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 3rd. The company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.11. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $502.10 million for the quarter, compared to analyst estimates of $504.80 million. During the same period in the previous year, the business earned $1.90 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were given a $0.55 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $2.20 dividend on an annualized basis and a yield of 1.25%. Cboe Global Markets’s dividend payout ratio (DPR) is presently 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.