Cboe Global Markets, Inc. (BATS:CBOE) Stake Raised by New Mexico Educational Retirement Board

Posted by on Oct 4th, 2023

New Mexico Educational Retirement Board grew its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE – Free Report) by 6.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,200 shares of the company’s stock after buying an additional 300 shares during the period. New Mexico Educational Retirement Board’s holdings in Cboe Global Markets were worth $718,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Wedmont Private Capital raised its holdings in Cboe Global Markets by 7.1% during the second quarter. Wedmont Private Capital now owns 1,962 shares of the company’s stock worth $278,000 after purchasing an additional 130 shares in the last quarter. Wedge Capital Management L L P NC raised its holdings in Cboe Global Markets by 896.5% during the second quarter. Wedge Capital Management L L P NC now owns 23,389 shares of the company’s stock worth $3,228,000 after purchasing an additional 21,042 shares in the last quarter. Astoria Portfolio Advisors LLC. bought a new stake in Cboe Global Markets during the second quarter worth approximately $202,000. Franklin Street Advisors Inc. NC bought a new stake in Cboe Global Markets during the second quarter worth approximately $959,000. Finally, Central Bank & Trust Co. raised its holdings in Cboe Global Markets by 1.7% during the second quarter. Central Bank & Trust Co. now owns 5,528 shares of the company’s stock worth $763,000 after purchasing an additional 94 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Price Performance

Shares of BATS:CBOE opened at $157.00 on Wednesday. The company’s fifty day moving average is $150.01 and its two-hundred day moving average is $141.89. 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, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The company has a market cap of $16.65 billion, a P/E ratio of 80.93 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE – Get Free Report) last announced its earnings results on Friday, August 4th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.01. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $467.10 million for the quarter, compared to the consensus estimate of $469.31 million. During the same period in the previous year, the business earned $1.67 EPS. The company’s revenue was up 10.1% on a year-over-year basis. Equities analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Thursday, August 31st were paid a $0.55 dividend. The ex-dividend date was Wednesday, August 30th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.50. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.40%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft boosted their target price on Cboe Global Markets from $148.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Barclays upped their price target on Cboe Global Markets from $146.00 to $155.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Oppenheimer increased their price objective on Cboe Global Markets from $161.00 to $162.00 and gave the company an “outperform” rating in a research report on Monday, August 7th. Bank of America increased their price objective on Cboe Global Markets from $168.00 to $173.00 in a research report on Tuesday. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $172.00 price objective on shares of Cboe Global Markets in a research report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $153.73.

Read Our Latest Analysis on Cboe Global Markets

Insider Transactions at Cboe Global Markets

In other news, COO Christopher A. Isaacson sold 3,850 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $149.08, for a total value of $573,958.00. Following the transaction, the chief operating officer now directly owns 54,599 shares of the company’s stock, valued at $8,139,618.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Cboe Global Markets news, CEO Edward T. Tilly sold 8,000 shares of the stock in a transaction on Monday, July 10th. The shares were sold at an average price of $135.86, for a total transaction of $1,086,880.00. Following the transaction, the chief executive officer now directly owns 177,983 shares of the company’s stock, valued at $24,180,770.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Christopher A. Isaacson sold 3,850 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $149.08, for a total transaction of $573,958.00. Following the transaction, the chief operating officer now directly owns 54,599 shares in the company, valued at $8,139,618.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,901 shares of company stock valued at $3,580,340. 0.51% of the stock is owned by insiders.

About Cboe Global Markets

(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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