California Public Employees Retirement System Cuts Stake in Cboe Global Markets, Inc. $CBOE

California Public Employees Retirement System trimmed its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 15.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,737 shares of the company’s stock after selling 64,697 shares during the period. California Public Employees Retirement System owned about 0.33% of Cboe Global Markets worth $84,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in Cboe Global Markets during the second quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter worth approximately $33,000. Physician Wealth Advisors Inc. raised its stake in shares of Cboe Global Markets by 70.5% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after acquiring an additional 55 shares in the last quarter. Ameriflex Group Inc. lifted its position in Cboe Global Markets by 97.4% during the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after acquiring an additional 76 shares during the last quarter. Finally, Dakota Community Bank & Trust NA acquired a new stake in Cboe Global Markets in the third quarter valued at approximately $42,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CBOE. Morgan Stanley lifted their price target on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a report on Monday, December 22nd. Piper Sandler increased their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Loop Capital set a $317.00 target price on Cboe Global Markets in a research note on Monday, February 9th. UBS Group reaffirmed a “neutral” rating and set a $290.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Finally, TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $279.00.

Insider Buying and Selling

In other Cboe Global Markets news, CAO Allen Wilkinson sold 248 shares of the company’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 completion of the transaction, the chief accounting officer owned 410 shares in the company, valued at approximately $120,043.90. This represents a 37.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.36, for a total transaction of $428,040.00. Following the sale, the director directly owned 4,761 shares in the company, valued at approximately $1,358,598.96. The trade was a 23.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 5,695 shares of company stock valued at $1,628,981. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 0.6%

BATS CBOE opened at $291.78 on Tuesday. Cboe Global Markets, Inc. has a 1 year low of $200.88 and a 1 year high of $305.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The company has a market capitalization of $30.95 billion, a PE ratio of 150.40 and a beta of 0.61. The company has a fifty day moving average of $278.50 and a 200 day moving average of $257.43.

Cboe Global Markets (BATS:CBOE) last announced its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.93 by $0.13. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The company had revenue of $671.10 million during the quarter, compared to the consensus estimate of $659.59 million. Research analysts forecast 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 announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, February 27th. Cboe Global Markets’s payout ratio is currently 98.97%.

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.