Texas Permanent School Fund Corp Has $1.72 Million Stake in Cboe Global Markets, Inc. $CBOE

Texas Permanent School Fund Corp trimmed its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 36.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,361 shares of the company’s stock after selling 4,214 shares during the period. Texas Permanent School Fund Corp’s holdings in Cboe Global Markets were worth $1,717,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Missouri Trust & Investment Co acquired a new position in Cboe Global Markets during the second quarter valued at approximately $26,000. Headlands Technologies LLC bought a new stake in shares of Cboe Global Markets during the 2nd quarter worth $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in Cboe Global Markets in the 2nd quarter valued at $33,000. Ameritas Advisory Services LLC bought a new position in Cboe Global Markets in the 2nd quarter worth $46,000. Finally, Spire Wealth Management raised its holdings in Cboe Global Markets by 61.5% in the 2nd quarter. Spire Wealth Management now owns 239 shares of the company’s stock worth $56,000 after acquiring an additional 91 shares during the period. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CBOE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Morgan Stanley raised their target price on Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a report on Monday. Keefe, Bruyette & Woods lifted their price target on Cboe Global Markets from $257.00 to $269.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Finally, Loop Capital set a $310.00 price objective on Cboe Global Markets in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $246.62.

Cboe Global Markets Stock Up 1.8%

CBOE stock opened at $251.83 on Tuesday. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $262.98. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The company has a market cap of $26.35 billion, a PE ratio of 34.88, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The business’s 50-day simple moving average is $249.56 and its 200 day simple moving average is $241.83.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings data on Friday, October 31st. The company reported $2.67 EPS for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period in the prior year, the company posted $2.22 earnings per share. Cboe Global Markets’s quarterly revenue was up 13.8% compared to the same quarter last year. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.72 per share. The ex-dividend date was Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s payout ratio is currently 30.93%.

Cboe Global Markets Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.