New York State Teachers Retirement System Boosts Stake in Cboe Global Markets, Inc. $CBOE

New York State Teachers Retirement System grew its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 3.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 88,689 shares of the company’s stock after buying an additional 3,278 shares during the quarter. New York State Teachers Retirement System’s holdings in Cboe Global Markets were worth $24,928,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBOE. Norges Bank bought a new position in shares of Cboe Global Markets in the fourth quarter valued at approximately $354,578,000. First Trust Advisors LP lifted its holdings in Cboe Global Markets by 215.2% during the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after acquiring an additional 991,209 shares during the period. Balyasny Asset Management L.P. lifted its holdings in Cboe Global Markets by 1,340.0% during the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock worth $183,854,000 after acquiring an additional 697,600 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Cboe Global Markets by 2,425.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock worth $166,009,000 after purchasing an additional 635,199 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in Cboe Global Markets in the third quarter worth $107,052,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CBOE. Piper Sandler raised their target price on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Morgan Stanley increased their price target on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. TD Cowen raised their price objective on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, UBS Group lifted their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $310.70.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $248.99 on Friday. The business’s 50 day simple moving average is $303.88 and its 200 day simple moving average is $286.80. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The company has a market cap of $26.41 billion, a price-to-earnings ratio of 128.35 and a beta of 0.61. 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 (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The business had revenue of $728.90 million during the quarter, compared to the consensus estimate of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue for the quarter was up 29.0% on a year-over-year basis. During the same period last year, the business posted $2.50 earnings per share. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Insiders Place Their Bets

In related news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the sale, the director owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

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.