VIRGINIA RETIREMENT SYSTEMS ET Al Invests $78.86 Million in Cboe Global Markets, Inc. $CBOE

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 324,954 shares of the company’s stock, valued at approximately $78,857,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CBOE. CYBER HORNET ETFs LLC lifted its stake in Cboe Global Markets by 1,412.5% in the second quarter. CYBER HORNET ETFs LLC now owns 4,356 shares of the company’s stock worth $1,057,000 after acquiring an additional 4,068 shares during the period. California State Teachers Retirement System boosted its position in shares of Cboe Global Markets by 24,398.6% during the second quarter. California State Teachers Retirement System now owns 43,712,632 shares of the company’s stock valued at $10,607,744,000 after buying an additional 43,534,203 shares during the last quarter. Varenne Capital Partners purchased a new stake in shares of Cboe Global Markets during the 2nd quarter valued at about $25,925,000. Saudi Central Bank boosted its holdings in Cboe Global Markets by 89.8% in the second quarter. Saudi Central Bank now owns 7,332 shares of the company’s stock worth $1,779,000 after purchasing an additional 3,469 shares during the last quarter. Finally, Oakmont Investment Advisors Inc. purchased a new stake in Cboe Global Markets in the second quarter worth approximately $272,000. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $298.38 on Monday. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The firm has a market capitalization of $31.65 billion, a price-to-earnings ratio of 153.80 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $284.38 and a 200 day moving average of $295.12.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. The business had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the firm earned $2.46 earnings per share. On average, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a $0.86 dividend. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. This represents a $3.44 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Buying and Selling

In related news, Director Janet Froetscher sold 937 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the transaction, the director directly owned 12,870 shares of the company’s stock, valued at approximately $3,590,086.50. This trade represents a 6.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CBOE. TD Cowen boosted their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Barclays raised their price target on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. increased their target price on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Three equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $315.30.

Cboe Global Markets Company Profile

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.