5,300 Shares in Cboe Global Markets, Inc. $CBOE Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,300 shares of the company’s stock, valued at approximately $1,490,000.

A number of other hedge funds also recently bought and sold shares of CBOE. Ritholtz Wealth Management increased its holdings in Cboe Global Markets by 5.3% during the first quarter. Ritholtz Wealth Management now owns 6,445 shares of the company’s stock worth $1,812,000 after buying an additional 327 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new stake in Cboe Global Markets in the first quarter valued at $240,000. OP Asset Management Ltd acquired a new stake in Cboe Global Markets in the first quarter valued at $3,073,000. Assenagon Asset Management S.A. grew its position in shares of Cboe Global Markets by 4.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,753 shares of the company’s stock valued at $1,055,000 after acquiring an additional 159 shares during the period. Finally, Cidel Asset Management Inc. grew its position in shares of Cboe Global Markets by 11.8% in the 1st quarter. Cidel Asset Management Inc. now owns 79,369 shares of the company’s stock valued at $22,308,000 after acquiring an additional 8,402 shares during the period. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction dated Monday, May 18th. The shares were 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 of the company’s stock, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $248.99 on Friday. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The stock’s 50 day moving average is $304.85 and its 200-day moving average is $287.07. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $26.41 billion, a price-to-earnings ratio of 128.35 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.50 EPS. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were issued a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CBOE. Loop Capital set a $263.00 target price on shares of Cboe Global Markets in a report on Monday, June 22nd. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. Barclays boosted their price target on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Finally, Argus raised Cboe Global Markets to a “hold” rating in a research report on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $310.70.

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.