Texas Permanent School Fund Corp Raises Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

Posted by Defense World Staff on Jul 27th, 2023

Texas Permanent School Fund Corp increased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 46.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,116 shares of the company’s stock after buying an additional 7,044 shares during the period. Texas Permanent School Fund Corp’s holdings in Cboe Global Markets were worth $2,969,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Ronald Blue Trust Inc. lifted its position in shares of Cboe Global Markets by 109.5% in the 4th quarter. Ronald Blue Trust Inc. now owns 243 shares of the company’s stock worth $28,000 after purchasing an additional 127 shares during the period. Coppell Advisory Solutions Corp. purchased a new position in shares of Cboe Global Markets in the 4th quarter valued at $44,000. Point72 Asset Management L.P. bought a new position in shares of Cboe Global Markets in the 2nd quarter worth $47,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Cboe Global Markets by 146.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 446 shares of the company’s stock worth $56,000 after purchasing an additional 265 shares during the last quarter. Finally, Geneos Wealth Management Inc. purchased a new stake in shares of Cboe Global Markets during the first quarter valued at about $65,000. 81.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP John P. Sexton sold 2,999 shares of Cboe Global Markets stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $138.00, for a total value of $413,862.00. Following the sale, the executive vice president now directly owns 16,793 shares of the company’s stock, valued at $2,317,434. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP John P. Sexton sold 2,999 shares of the business’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $138.00, for a total transaction of $413,862.00. Following the transaction, the executive vice president now owns 16,793 shares of the company’s stock, valued at approximately $2,317,434. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph P. Ratterman sold 15,000 shares of the business’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $135.96, for a total transaction of $2,039,400.00. Following the completion of the transaction, the director now owns 22,615 shares in the company, valued at $3,074,735.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,849 shares of company stock worth $5,141,405. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 0.4 %

Shares of BATS:CBOE opened at $143.60 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The business has a 50 day moving average of $136.98 and a two-hundred day moving average of $136.07. The company has a market capitalization of $15.23 billion, a PE ratio of 74.02 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE – Get Free Report) last released its quarterly earnings data on Friday, May 5th. The company reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.03. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $471.40 million during the quarter, compared to analysts’ expectations of $482.03 million. During the same quarter in the previous year, the company earned $1.73 earnings per share. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. As a group, analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Wednesday, May 31st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $2.00 dividend on an annualized basis and a yield of 1.39%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Analyst Ratings Changes

CBOE has been the subject of a number of analyst reports. Rosenblatt Securities reissued a “buy” rating and set a $175.00 target price on shares of Cboe Global Markets in a research report on Thursday, April 6th. Oppenheimer raised their price objective on Cboe Global Markets from $147.00 to $156.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 12th. Barclays assumed coverage on Cboe Global Markets in a research report on Wednesday, June 28th. They set an “equal weight” rating and a $146.00 target price on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on Cboe Global Markets from $147.00 to $148.00 in a research note on Monday, May 8th. Finally, StockNews.com assumed coverage on shares of Cboe Global Markets in a research note on Thursday, May 18th. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Cboe Global Markets has an average rating of “Hold” and an average price target of $143.33.

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.