State of Alaska Department of Revenue Purchases 38,788 Shares of Cboe Global Markets, Inc. $CBOE

State of Alaska Department of Revenue raised its position in Cboe Global Markets, Inc. (BATS:CBOE) by 378.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,043 shares of the company’s stock after acquiring an additional 38,788 shares during the period. State of Alaska Department of Revenue’s holdings in Cboe Global Markets were worth $13,501,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Cboe Global Markets in the 2nd quarter valued at $2,474,799,000. Deutsche Bank AG bought a new position in shares of Cboe Global Markets during the 2nd quarter worth about $491,465,000. Jupiter Topco LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter worth about $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cboe Global Markets by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after acquiring an additional 51,784 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Cboe Global Markets by 10.1% during the 1st quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock valued at $211,037,000 after acquiring an additional 68,742 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Janet Froetscher sold 937 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the transaction, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Price Performance

CBOE traded up $7.63 during trading on Thursday, hitting $308.10. The company’s stock had a trading volume of 486,109 shares, compared to its average volume of 1,126,274. The firm’s 50 day moving average price is $287.03 and its two-hundred day moving average price is $292.95. The stock has a market capitalization of $32.68 billion, a price-to-earnings ratio of 158.82 and a beta of 0.61. 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, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same quarter in the prior year, the firm earned $2.46 EPS. The company’s revenue was up 24.6% on a year-over-year basis. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were given a dividend of $0.86 per share. The ex-dividend date was Monday, August 31st. This represents a $3.44 annualized dividend and a dividend yield of 1.1%. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Analyst Ratings Changes

CBOE has been the topic of a number of analyst reports. Loop Capital set a $343.00 target price on shares of Cboe Global Markets in a research note on Wednesday, October 7th. The Goldman Sachs Group upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Monday. Piper Sandler decreased their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Finally, Morgan Stanley upgraded Cboe Global Markets from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $258.00 to $358.00 in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $321.91.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.