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

Illinois Municipal Retirement Fund decreased its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 12.1% in the third quarter, HoldingsChannel.com reports. The fund owned 56,364 shares of the company’s stock after selling 7,780 shares during the period. Illinois Municipal Retirement Fund’s holdings in Cboe Global Markets were worth $15,516,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CBOE. Jones Financial Companies Lllp purchased a new position in Cboe Global Markets during the 2nd quarter valued at $25,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $26,000. Clearstead Trust LLC purchased a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $27,000. NFSG Corp purchased a new stake in shares of Cboe Global Markets in the 1st quarter worth about $31,000. Finally, Rosenberg Matthew Hamilton boosted its stake in shares of Cboe Global Markets by 11,300.0% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock valued at $31,000 after purchasing an additional 113 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Loop Capital set a $332.00 price target on shares of Cboe Global Markets in a research report on Wednesday, October 28th. Barclays increased their price target on shares of Cboe Global Markets from $343.00 to $392.00 and gave the stock an “overweight” rating in a research note on Monday, November 2nd. The Goldman Sachs Group lowered shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 4th. Piper Sandler cut their price objective on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Finally, Deutsche Bank reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. 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. According to MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and an average target price of $363.00.

Cboe Global Markets Stock Up 1.2%

Shares of Cboe Global Markets stock opened at $369.19 on Thursday. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.21. The firm has a market cap of $39.16 billion, a price-to-earnings ratio of 190.31 and a beta of 0.61. The company has a 50-day moving average of $302.00 and a 200 day moving average of $295.12. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, October 30th. The company reported $3.63 EPS for the quarter, topping the consensus estimate of $3.43 by $0.20. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $712.20 million for the quarter, compared to analyst estimates of $705.22 million. During the same quarter in the previous year, the firm posted $2.67 earnings per share. Cboe Global Markets’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets declared that its board has initiated a stock buyback plan on Thursday, October 22nd that allows the company to repurchase $550 million in shares. This buyback authorization allows the company to purchase up to 1.6% of its shares through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

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

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. 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.