Teachers Retirement System of The State of Kentucky Sells 242 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Teachers Retirement System of The State of Kentucky trimmed its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,404 shares of the company’s stock after selling 242 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Cboe Global Markets were worth $1,429,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. FinTrust Capital Advisors LLC raised its holdings in shares of Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after acquiring an additional 85 shares during the period. ORG Partners LLC acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at about $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Cboe Global Markets in the 1st quarter valued at about $42,000. Riverview Trust Co bought a new stake in shares of Cboe Global Markets in the first quarter valued at about $44,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Cboe Global Markets during the second quarter worth about $51,000. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Trading Up 0.1 %

Cboe Global Markets stock opened at $210.42 on Friday. The stock has a 50-day simple moving average of $205.34 and a 200 day simple moving average of $187.25. The stock has a market capitalization of $22.32 billion, a P/E ratio of 108.46 and a beta of 0.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00.

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

Cboe Global Markets declared that its board has approved a stock buyback plan on Friday, August 16th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were issued a $0.63 dividend. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Activity

In other news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the sale, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the sale, the executive vice president now directly owns 4,328 shares in the company, valued at $879,579.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the transaction, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,261 shares of company stock valued at $3,604,822 over the last ninety days. 0.51% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CBOE. Oppenheimer lifted their target price on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Keefe, Bruyette & Woods lifted their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Barclays increased their target price on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a report on Monday, August 5th. Piper Sandler reaffirmed an “overweight” rating and issued a $210.00 target price (up previously from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and an average target price of $204.67.

Cboe Global Markets Company 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.