Kentucky Retirement Systems Trims Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Kentucky Retirement Systems trimmed its position in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 1.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,190 shares of the company’s stock after selling 99 shares during the period. Kentucky Retirement Systems’ holdings in Cboe Global Markets were worth $1,405,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CBOE. Erste Asset Management GmbH purchased a new position in Cboe Global Markets in the 3rd quarter valued at about $11,191,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cboe Global Markets during the 3rd quarter worth about $158,000. Benjamin Edwards Inc. lifted its holdings in shares of Cboe Global Markets by 5,967.5% during the 3rd quarter. Benjamin Edwards Inc. now owns 30,277 shares of the company’s stock worth $6,203,000 after acquiring an additional 29,778 shares during the period. Coastwise Capital Group LLC purchased a new position in shares of Cboe Global Markets during the 3rd quarter worth about $216,000. Finally, Harmony Asset Management LLC purchased a new position in shares of Cboe Global Markets during the 3rd quarter worth about $15,175,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CBOE shares. Keefe, Bruyette & Woods cut their price objective on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $174.00 price objective (down from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Bank of America increased their price objective on shares of Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, February 10th. William Blair assumed coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. Finally, The Goldman Sachs Group downgraded shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price for the company. in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Stock Performance

CBOE opened at $210.93 on Monday. The business’s 50 day simple moving average is $199.97. The firm has a market cap of $22.08 billion, a P/E ratio of 29.21, a PEG ratio of 1.75 and a beta of 0.68. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $221.66. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the company posted $2.06 earnings per share. On average, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

Insider Buying and Selling at Cboe Global Markets

In other news, EVP Adam Inzirillo sold 200 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the transaction, the executive vice president now directly owns 1,993 shares in the company, valued at approximately $417,872.31. This represents a 9.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dave Howson sold 11,036 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the transaction, the executive vice president now owns 8,025 shares of the company’s stock, valued at approximately $1,653,230.25. This trade represents a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,316 shares of company stock valued at $2,332,393 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Cboe Global Markets Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.