Retirement Systems of Alabama Sells 596 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Retirement Systems of Alabama cut its position in Cboe Global Markets, Inc. (BATS:CBOE) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,264 shares of the company’s stock after selling 596 shares during the period. Retirement Systems of Alabama’s holdings in Cboe Global Markets were worth $4,154,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CBOE. Pinnacle Associates Ltd. lifted its holdings in shares of Cboe Global Markets by 5.2% in the fourth quarter. Pinnacle Associates Ltd. now owns 1,366 shares of the company’s stock worth $244,000 after buying an additional 67 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of Cboe Global Markets by 75.3% during the 4th quarter. Allworth Financial LP now owns 170 shares of the company’s stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. Moors & Cabot Inc. grew its position in shares of Cboe Global Markets by 2.3% during the third quarter. Moors & Cabot Inc. now owns 3,305 shares of the company’s stock valued at $516,000 after purchasing an additional 75 shares in the last quarter. Kestra Advisory Services LLC grew its position in shares of Cboe Global Markets by 4.9% during the third quarter. Kestra Advisory Services LLC now owns 2,325 shares of the company’s stock valued at $363,000 after purchasing an additional 109 shares in the last quarter. Finally, Martin Capital Advisors LLP increased its holdings in shares of Cboe Global Markets by 7.2% in the fourth quarter. Martin Capital Advisors LLP now owns 1,698 shares of the company’s stock worth $303,000 after purchasing an additional 114 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CBOE has been the subject of several research analyst reports. Barclays raised their price target on Cboe Global Markets from $211.00 to $215.00 and gave the company an “overweight” rating in a report on Monday. Rosenblatt Securities boosted their price target on shares of Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research report on Monday. Citigroup increased their price objective on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a research report on Friday, January 12th. Oppenheimer restated an “outperform” rating and issued a $206.00 target price on shares of Cboe Global Markets in a report on Monday. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $199.00 price target (down previously from $211.00) on shares of Cboe Global Markets in a report on Tuesday, April 9th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $191.00.

Cboe Global Markets Stock Up 1.6 %

Shares of CBOE opened at $182.53 on Tuesday. The firm has a fifty day moving average price of $182.47 and a 200-day moving average price of $179.75. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $19.36 billion, a P/E ratio of 94.09 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings data on Friday, May 3rd. The company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.11. The company had revenue of $502.10 million during the quarter, compared to analysts’ expectations of $504.80 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.90 EPS. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 29th were paid a $0.55 dividend. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $2.20 annualized dividend and a yield of 1.21%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insiders Place Their Bets

In other news, EVP Dave Howson sold 5,322 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $186.96, for a total transaction of $995,001.12. Following the transaction, the executive vice president now owns 17,573 shares of the company’s stock, valued at approximately $3,285,448.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.51% of the stock is currently owned by company 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.