State of New Jersey Common Pension Fund D Trims Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

State of New Jersey Common Pension Fund D decreased its position in shares of Cboe Global Markets, Inc. (BATS:CBOEFree Report) by 8.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 56,136 shares of the company’s stock after selling 4,951 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Cboe Global Markets were worth $8,769,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Metis Global Partners LLC raised its stake in Cboe Global Markets by 12.7% during the 3rd quarter. Metis Global Partners LLC now owns 5,239 shares of the company’s stock worth $818,000 after acquiring an additional 592 shares during the period. Exencial Wealth Advisors LLC raised its position in shares of Cboe Global Markets by 17.7% during the third quarter. Exencial Wealth Advisors LLC now owns 3,427 shares of the company’s stock valued at $535,000 after buying an additional 516 shares during the last quarter. BNP Paribas Arbitrage SNC raised its position in shares of Cboe Global Markets by 7.5% during the second quarter. BNP Paribas Arbitrage SNC now owns 140,394 shares of the company’s stock valued at $19,376,000 after buying an additional 9,741 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in shares of Cboe Global Markets by 35.7% during the third quarter. Oppenheimer & Co. Inc. now owns 14,913 shares of the company’s stock valued at $2,330,000 after buying an additional 3,923 shares during the last quarter. Finally, Larson Financial Group LLC raised its position in shares of Cboe Global Markets by 322.6% during the third quarter. Larson Financial Group LLC now owns 262 shares of the company’s stock valued at $41,000 after buying an additional 200 shares during the last quarter. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of Cboe Global Markets from $204.00 to $200.00 and set an “overweight” rating on the stock in a research report on Monday, February 5th. Citigroup raised their target price on shares of Cboe Global Markets from $170.00 to $188.00 and gave the company a “neutral” rating in a report on Friday, January 12th. Piper Sandler raised their target price on shares of Cboe Global Markets from $177.00 to $193.00 and gave the company an “overweight” rating in a report on Tuesday, November 21st. Oppenheimer raised their target price on shares of Cboe Global Markets from $201.00 to $206.00 and gave the company an “outperform” rating in a report on Monday, February 5th. Finally, Rosenblatt Securities raised their target price on shares of Cboe Global Markets from $192.00 to $200.00 and gave the company a “buy” rating in a report on Monday, February 5th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.78.

Get Our Latest Report on Cboe Global Markets

Cboe Global Markets Stock Down 0.4 %

BATS CBOE opened at $183.50 on Monday. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00. The firm has a market capitalization of $19.46 billion, a price-to-earnings ratio of 94.59 and a beta of 0.61. The company has a fifty day moving average of $179.91 and a two-hundred day moving average of $166.54. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOEGet Free Report) last released its quarterly earnings data on Friday, February 2nd. The company reported $2.06 earnings per share for the quarter, beating the consensus estimate of $2.04 by $0.02. The firm had revenue of $499.00 million during the quarter, compared to the consensus estimate of $510.65 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.80 earnings per share. On average, analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, February 28th. Cboe Global Markets’s payout ratio is 98.97%.

Cboe Global Markets declared that its Board of Directors has initiated a share repurchase program on Thursday, October 26th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 1.4% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In related news, EVP Catherine R. Clay sold 1,300 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $179.62, for a total transaction of $233,506.00. Following the completion of the transaction, the executive vice president now owns 4,214 shares in the company, valued at approximately $756,918.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

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