North Dakota State Investment Board Invests $902,000 in Cboe Global Markets, Inc. $CBOE

North Dakota State Investment Board purchased a new position in Cboe Global Markets, Inc. (BATS:CBOE) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 3,593 shares of the company’s stock, valued at approximately $902,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CBOE. Kendall Capital Management lifted its position in shares of Cboe Global Markets by 0.5% during the 4th quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock valued at $2,224,000 after acquiring an additional 40 shares during the period. Sagespring Wealth Partners LLC lifted its position in shares of Cboe Global Markets by 4.1% during the 3rd quarter. Sagespring Wealth Partners LLC now owns 1,060 shares of the company’s stock valued at $260,000 after acquiring an additional 42 shares during the period. Norinchukin Bank The lifted its position in shares of Cboe Global Markets by 0.7% during the 3rd quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock valued at $1,443,000 after acquiring an additional 42 shares during the period. Aprio Wealth Management LLC lifted its position in shares of Cboe Global Markets by 3.1% during the 3rd quarter. Aprio Wealth Management LLC now owns 1,432 shares of the company’s stock valued at $351,000 after acquiring an additional 43 shares during the period. Finally, IHT Wealth Management LLC lifted its position in shares of Cboe Global Markets by 4.5% during the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Allen Wilkinson sold 248 shares of the business’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the sale, the chief accounting officer owned 410 shares of the company’s stock, valued at approximately $120,043.90. This represents a 37.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $360.92 on Thursday. Cboe Global Markets, Inc. has a fifty-two week low of $218.14 and a fifty-two week high of $371.18. The business has a 50-day simple moving average of $307.53 and a two-hundred day simple moving average of $280.18. 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 market cap of $38.28 billion, a price-to-earnings ratio of 186.04 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. During the same quarter in the previous year, the firm earned $2.50 EPS. Cboe Global Markets’s revenue was up 29.0% on a year-over-year basis. On average, analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s payout ratio is currently 98.97%.

Analysts Set New Price Targets

Several research analysts have commented on CBOE shares. Morgan Stanley lifted their price target on shares of Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research note on Friday, April 10th. TD Cowen lifted their price target on shares of Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Finally, UBS Group raised their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $322.60.

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. 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.