VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Cboe Global Markets, Inc. $CBOE

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 324,954 shares of the company’s stock, valued at approximately $78,857,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.31% of Cboe Global Markets at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp bought a new position in Cboe Global Markets during the second quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. bought a new stake in shares of Cboe Global Markets in the 4th quarter worth approximately $26,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Cboe Global Markets in the 2nd quarter worth approximately $26,000. Clearstead Trust LLC purchased a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $27,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $31,000. Institutional investors own 81.73% of the company’s stock.

Insider Activity

In other news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the transaction, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. JPMorgan Chase & Co. upped their price target on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Piper Sandler reduced their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Loop Capital set a $380.00 price objective on Cboe Global Markets in a report on Monday, August 3rd. Finally, TD Cowen lifted their price objective on Cboe Global Markets from $304.00 to $315.00 and gave the stock a “hold” rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $315.30.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $298.38 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The firm has a market cap of $31.65 billion, a PE ratio of 153.80 and a beta of 0.61. The business has a 50 day moving average price of $284.38 and a 200-day moving average price of $295.12.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. During the same period in the previous year, the firm earned $2.46 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. Equities research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a $0.86 dividend. The ex-dividend date is Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio is presently 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.