Cboe Global Markets, Inc. $CBOE Stock Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lowered its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 12.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 56,364 shares of the company’s stock after selling 7,780 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Cboe Global Markets worth $15,516,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Jones Financial Companies Lllp purchased a new stake in Cboe Global Markets during the second quarter valued at about $25,000. Keating Financial Advisory Services Inc. bought a new position in shares of Cboe Global Markets during the second quarter valued at about $26,000. NFSG Corp purchased a new position in shares of Cboe Global Markets in the first quarter worth about $31,000. Clearstead Trust LLC purchased a new position in shares of Cboe Global Markets in the second quarter worth about $27,000. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Cboe Global Markets by 11,300.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock valued at $31,000 after acquiring an additional 113 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several analyst reports. Morgan Stanley restated an “overweight” rating and set a $450.00 target price on shares of Cboe Global Markets in a report on Friday, October 23rd. Royal Bank Of Canada raised their price target on Cboe Global Markets from $303.00 to $360.00 and gave the stock a “sector perform” rating in a research report on Friday, October 30th. TD Cowen lifted their price target on Cboe Global Markets from $342.00 to $417.00 and gave the stock a “buy” rating in a research note on Monday, November 2nd. The Goldman Sachs Group downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 4th. Finally, Barclays boosted their price objective on Cboe Global Markets from $343.00 to $392.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $363.00.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $369.19 on Thursday. The firm has a market cap of $39.16 billion, a PE ratio of 190.31 and a beta of 0.61. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.21. 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 company’s fifty day simple moving average is $302.00 and its two-hundred day simple moving average is $295.12.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, October 30th. The company reported $3.63 EPS for the quarter, beating the consensus estimate of $3.43 by $0.20. The firm had revenue of $712.20 million during the quarter, compared to the consensus estimate of $705.22 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.67 earnings per share. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s payout ratio is currently 98.97%.

Cboe Global Markets declared that its board has approved a share repurchase plan on Thursday, October 22nd that allows the company to repurchase $550 million in outstanding shares. This buyback authorization allows the company to repurchase up to 1.6% of its stock through open market purchases. Share buyback plans are usually an indication that the company’s board of directors believes its stock is undervalued.

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.