California Public Employees Retirement System Has $71.78 Million Stock Holdings in Cboe Global Markets, Inc. $CBOE

California Public Employees Retirement System decreased its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 8.6% in the 1st quarter, Holdings Channel reports. The fund owned 255,400 shares of the company’s stock after selling 24,150 shares during the quarter. California Public Employees Retirement System’s holdings in Cboe Global Markets were worth $71,785,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CBOE. Assetmark Inc. boosted its position in Cboe Global Markets by 209.0% during the 1st quarter. Assetmark Inc. now owns 683 shares of the company’s stock worth $192,000 after acquiring an additional 462 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of Cboe Global Markets by 49.5% during the 1st quarter. Bessemer Group Inc. now owns 1,634 shares of the company’s stock worth $459,000 after purchasing an additional 541 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Cboe Global Markets in the first quarter valued at $30,148,000. Wealthfront Advisers LLC increased its holdings in Cboe Global Markets by 1.0% during the first quarter. Wealthfront Advisers LLC now owns 40,919 shares of the company’s stock worth $11,501,000 after buying an additional 418 shares during the last quarter. Finally, Twin Capital Management Inc. bought a new stake in Cboe Global Markets during the first quarter worth $476,000. 81.73% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Loop Capital set a $347.00 price target on shares of Cboe Global Markets in a research note on Thursday, July 9th. Barclays lowered their price objective on shares of Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a research note on Thursday, July 9th. Erste Group Bank downgraded shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Finally, TD Cowen lifted their target price on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research note on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $314.00.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $273.41 on Monday. The stock has a 50 day simple moving average of $293.80 and a 200 day simple moving average of $288.19. The stock has a market cap of $29.00 billion, a P/E ratio of 140.93 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18.

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

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were given a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.1%. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets 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.