Louisiana State Employees Retirement System Makes New $1.49 Million Investment in Cboe Global Markets, Inc. $CBOE

Louisiana State Employees Retirement System bought a new stake in Cboe Global Markets, Inc. (BATS:CBOE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,300 shares of the company’s stock, valued at approximately $1,490,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Ritholtz Wealth Management increased its position in shares of Cboe Global Markets by 5.3% during the first quarter. Ritholtz Wealth Management now owns 6,445 shares of the company’s stock valued at $1,812,000 after acquiring an additional 327 shares during the last quarter. Fifth Third Wealth Advisors LLC bought a new position in Cboe Global Markets in the 1st quarter valued at $240,000. OP Asset Management Ltd bought a new position in Cboe Global Markets in the 1st quarter valued at $3,073,000. Assenagon Asset Management S.A. increased its position in shares of Cboe Global Markets by 4.4% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,753 shares of the company’s stock valued at $1,055,000 after purchasing an additional 159 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its position in shares of Cboe Global Markets by 11.8% during the 1st quarter. Cidel Asset Management Inc. now owns 79,369 shares of the company’s stock valued at $22,308,000 after purchasing an additional 8,402 shares during the last quarter. 81.73% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 0.5%

Shares of Cboe Global Markets stock opened at $248.99 on Friday. Cboe Global Markets, Inc. has a 52-week low of $227.15 and a 52-week high of $371.18. The stock’s 50-day simple moving average is $304.85 and its 200 day simple moving average is $287.07. The stock has a market capitalization of $26.41 billion, a P/E ratio of 128.35 and a beta of 0.61. 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 (BATS:CBOE) last issued its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 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 29.0% on a year-over-year basis. During the same quarter last year, the business earned $2.50 earnings per share. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 29th were paid a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CBOE. Barclays increased their price target on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Morgan Stanley increased their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research report on Friday, April 10th. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Loop Capital set a $263.00 price target on shares of Cboe Global Markets in a report on Monday, June 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets currently has an average rating of “Hold” and an average price target of $310.70.

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

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.