New York State Common Retirement Fund Reduces Holdings in Cboe Global Markets, Inc. (BATS:CBOE)

New York State Common Retirement Fund lessened its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 10.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 114,899 shares of the company’s stock after selling 13,221 shares during the quarter. New York State Common Retirement Fund’s holdings in Cboe Global Markets were worth $23,539,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP lifted its stake in shares of Cboe Global Markets by 306.6% in the 2nd quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock valued at $90,785,000 after purchasing an additional 402,547 shares during the last quarter. Los Angeles Capital Management LLC lifted its position in Cboe Global Markets by 66.5% in the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after buying an additional 246,442 shares during the last quarter. Raymond James & Associates boosted its stake in Cboe Global Markets by 311.3% during the third quarter. Raymond James & Associates now owns 231,429 shares of the company’s stock worth $47,413,000 after buying an additional 175,159 shares during the period. TD Asset Management Inc boosted its stake in Cboe Global Markets by 36.2% during the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after buying an additional 132,833 shares during the period. Finally, Squarepoint Ops LLC increased its position in shares of Cboe Global Markets by 1,044.9% during the second quarter. Squarepoint Ops LLC now owns 119,673 shares of the company’s stock valued at $20,352,000 after acquiring an additional 109,220 shares during the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Catherine R. Clay sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the sale, the executive vice president now owns 4,328 shares of the company’s stock, valued at $879,579.44. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,296 shares of company stock valued at $1,713,098 over the last quarter. 0.51% of the stock is owned by insiders.

Cboe Global Markets Stock Performance

Shares of Cboe Global Markets stock opened at $210.00 on Monday. The business has a 50-day simple moving average of $209.64 and a 200-day simple moving average of $191.56. 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 one year low of $103.82 and a one year high of $139.00. The company has a market cap of $22.27 billion, a PE ratio of 108.25 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.19 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 $532.00 million during the quarter, compared to the consensus estimate of $530.46 million. During the same quarter in the previous year, the firm earned $2.06 earnings per share. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets announced that its Board of Directors has authorized a share buyback program on Friday, August 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $0.63 per share. The ex-dividend date is Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. Cboe Global Markets’s payout ratio is currently 98.97%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CBOE. JPMorgan Chase & Co. raised shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Piper Sandler boosted their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Oppenheimer raised their target price on Cboe Global Markets from $209.00 to $227.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research report on Friday, October 4th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $208.75.

About Cboe Global Markets

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.