California State Teachers Retirement System Cuts Stock Holdings in Cboe Global Markets, Inc. $CBOE

California State Teachers Retirement System trimmed its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 1.2% during the 1st quarter, Holdings Channel reports. The firm owned 178,429 shares of the company’s stock after selling 2,116 shares during the quarter. California State Teachers Retirement System’s holdings in Cboe Global Markets were worth $50,151,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC raised its position in shares of Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after buying an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new position in Cboe Global Markets in the fourth quarter worth $26,000. Headlands Technologies LLC purchased a new position in Cboe Global Markets in the second quarter worth $31,000. NFSG Corp bought a new position in Cboe Global Markets in the first quarter valued at $31,000. Finally, Elyxium Wealth LLC bought a new position in Cboe Global Markets in the fourth quarter valued at $33,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $296.52 on Friday. 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 stock has a market cap of $31.45 billion, a PE ratio of 152.85 and a beta of 0.61. The company’s fifty day moving average is $280.97 and its 200 day moving average is $290.37. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18.

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. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. During the same period in the prior year, the business posted $2.50 earnings per share. The company’s revenue was up 29.0% on a year-over-year basis. Research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s payout ratio is 98.97%.

Analyst Upgrades and Downgrades

CBOE has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. UBS Group increased their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday. TD Cowen boosted their target price on Cboe Global Markets from $259.00 to $304.00 and gave the stock a “hold” rating in a research report on Monday, July 20th. Finally, Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and an average target price of $300.73.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet P. Froetscher sold 1,223 shares of the stock in a transaction dated Monday, May 18th. The stock was 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 in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

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.