Public Employees Retirement System of Ohio Buys Shares of 29,864 Cboe Global Markets, Inc. $CBOE

Public Employees Retirement System of Ohio purchased a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 29,864 shares of the company’s stock, valued at approximately $7,247,000.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Cboe Global Markets in the second quarter worth $2,474,799,000. State Street Corp lifted its position in shares of Cboe Global Markets by 2.1% during the 3rd quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after buying an additional 101,349 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cboe Global Markets by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock worth $750,940,000 after acquiring an additional 65,108 shares during the period. Morgan Stanley grew its stake in shares of Cboe Global Markets by 6.1% during the 4th quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock worth $675,482,000 after acquiring an additional 155,333 shares during the period. Finally, Deutsche Bank AG purchased a new stake in Cboe Global Markets in the 2nd quarter worth about $491,465,000. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CBOE shares. Barclays upped their price objective on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. TD Cowen upped their price target on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research note on Tuesday, July 28th. Finally, Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Three research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $315.30.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 937 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by insiders.

Cboe Global Markets Trading Up 2.5%

Shares of CBOE opened at $307.62 on Wednesday. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18. The company has a market capitalization of $32.63 billion, a P/E ratio of 158.57 and a beta of 0.61. 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 firm’s 50 day simple moving average is $281.29 and its 200 day simple moving average is $294.62.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.46 EPS. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.86 dividend. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Monday, August 31st. 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.