Texas Permanent School Fund Corp Has $2.96 Million Position in Cboe Global Markets, Inc. (BATS:CBOE)

Texas Permanent School Fund Corp reduced its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 28.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,425 shares of the company’s stock after selling 6,894 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Cboe Global Markets were worth $2,963,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Norges Bank bought a new stake in shares of Cboe Global Markets during the fourth quarter worth $226,557,000. Tandem Investment Advisors Inc. grew its holdings in shares of Cboe Global Markets by 4.4% during the second quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock worth $142,037,000 after purchasing an additional 35,336 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Cboe Global Markets by 66.5% during the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after purchasing an additional 246,442 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Cboe Global Markets by 19.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 526,423 shares of the company’s stock worth $93,998,000 after purchasing an additional 85,433 shares during the last quarter. Finally, TD Asset Management Inc grew its holdings in shares of Cboe Global Markets by 36.2% during the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after purchasing an additional 132,833 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Insider Transactions at Cboe Global Markets

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, COO Christopher A. Isaacson sold 6,000 shares of Cboe Global Markets stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the sale, the chief operating officer now owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. The disclosure for this sale can be found here. Insiders have sold a total of 24,261 shares of company stock valued at $4,654,822 over the last 90 days. 0.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

CBOE has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods raised their price target on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a report on Monday, August 5th. JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their price target for the company from $168.00 to $195.00 in a report on Monday, August 5th. Finally, Barclays raised their price target on Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $199.64.

Cboe Global Markets Price Performance

Shares of CBOE opened at $209.59 on Monday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 1 year low of $103.82 and a 1 year high of $139.00. The stock has a market cap of $22.23 billion, a P/E ratio of 108.04 and a beta of 0.61. The stock’s 50-day moving average price is $196.23 and its two-hundred day moving average price is $184.88.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm had revenue of $513.80 million for the quarter, compared to analysts’ expectations of $514.51 million. During the same quarter last year, the business earned $1.78 earnings per share. The company’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets announced that its Board of Directors has initiated a share buyback plan on Friday, August 16th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 2.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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.