Public Employees Retirement Association of Colorado Has $19.71 Million Stake in Cboe Global Markets, Inc. (BATS:CBOE)

Public Employees Retirement Association of Colorado reduced its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,894 shares of the company’s stock after selling 450 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.11% of Cboe Global Markets worth $19,709,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CBOE. First Horizon Advisors Inc. grew its holdings in shares of Cboe Global Markets by 9.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock valued at $121,000 after acquiring an additional 63 shares in the last quarter. Marion Wealth Management boosted its position in Cboe Global Markets by 0.7% during the first quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock valued at $1,895,000 after purchasing an additional 76 shares during the last quarter. Kendall Capital Management grew its stake in Cboe Global Markets by 0.9% in the second quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after purchasing an additional 80 shares in the last quarter. Motley Fool Asset Management LLC increased its position in Cboe Global Markets by 4.3% in the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock worth $371,000 after purchasing an additional 83 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in shares of Cboe Global Markets by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock worth $4,468,000 after purchasing an additional 84 shares in the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays raised their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. upgraded shares of 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. Oppenheimer upped their price objective on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Piper Sandler reissued an “overweight” rating and set a $210.00 target price (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Finally, Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $199.64.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $207.44 on Friday. Cboe Global Markets, Inc. has a 12 month low of $103.82 and a 12 month high of $139.00. The company has a market cap of $22.00 billion, a P/E ratio of 106.93 and a beta of 0.61. The business’s 50 day moving average is $199.60 and its two-hundred day moving average is $185.54. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last announced 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 net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. During the same quarter in the previous year, the firm posted $1.78 earnings per share. Cboe Global Markets’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed 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 was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.21%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets declared that its Board of Directors has approved a share repurchase program on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 2.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity at Cboe Global Markets

In related news, CFO Jill Griebenow sold 1,622 shares of the business’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 transaction, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Catherine R. Clay sold 600 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at approximately $879,579.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, 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 transaction, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,261 shares of company stock worth $3,604,822. Company insiders own 0.51% of the company’s stock.

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.