State of New Jersey Common Pension Fund D Sells 18,675 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

State of New Jersey Common Pension Fund D reduced its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 32.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,009 shares of the company’s stock after selling 18,675 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Cboe Global Markets were worth $6,634,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Accuvest Global Advisors acquired a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $345,000. Hilltop Holdings Inc. grew its holdings in Cboe Global Markets by 1.8% in the 4th quarter. Hilltop Holdings Inc. now owns 16,715 shares of the company’s stock valued at $2,985,000 after buying an additional 298 shares in the last quarter. National Bank of Canada FI increased its position in Cboe Global Markets by 18.4% during the 2nd quarter. National Bank of Canada FI now owns 35,069 shares of the company’s stock worth $6,026,000 after buying an additional 5,458 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Cboe Global Markets by 15.2% during the first quarter. Nordea Investment Management AB now owns 422,373 shares of the company’s stock worth $76,935,000 after buying an additional 55,859 shares in the last quarter. Finally, Cim LLC bought a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $1,138,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CBOE shares. Oppenheimer increased their target price on shares of Cboe Global Markets from $199.00 to $209.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Barclays increased their target price on 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 price target (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research note on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $199.64.

Cboe Global Markets Trading Down 0.1 %

Shares of BATS CBOE opened at $209.59 on Monday. 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 firm has a 50 day moving average price of $196.23 and a two-hundred day moving average price of $184.88. The stock has a market cap of $22.23 billion, a P/E ratio of 108.04 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. During the same period in the prior year, the company posted $1.78 earnings per share. Cboe Global Markets’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Cboe Global Markets declared that its board has authorized a share repurchase 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total transaction of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at $9,074,625. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $175.00, for a total value of $1,050,000.00. Following the transaction, the chief operating officer now directly owns 51,855 shares of the company’s stock, valued at $9,074,625. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dave Howson sold 2,500 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the completion of the transaction, the executive vice president now directly owns 15,073 shares in the company, valued at $2,813,676.91. 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 ninety days. 0.51% of the stock is owned by corporate insiders.

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.