New York State Teachers Retirement System Sells 3,447 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

New York State Teachers Retirement System reduced its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 3.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,202 shares of the company’s stock after selling 3,447 shares during the period. New York State Teachers Retirement System owned about 0.10% of Cboe Global Markets worth $18,741,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. FinTrust Capital Advisors LLC boosted its position in shares of Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after acquiring an additional 85 shares during the last quarter. Optiver Holding B.V. bought a new stake in shares of Cboe Global Markets in the fourth quarter worth about $29,000. ORG Partners LLC purchased a new stake in shares of Cboe Global Markets in the second quarter worth about $30,000. Redmont Wealth Advisors LLC bought a new position in Cboe Global Markets during the first quarter valued at approximately $42,000. Finally, Riverview Trust Co bought a new stake in Cboe Global Markets in the 1st quarter worth approximately $44,000. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Up 1.4 %

Cboe Global Markets stock traded up $2.86 during mid-day trading on Friday, reaching $209.79. 643,798 shares of the company’s stock were exchanged, compared to its average volume of 636,231. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00. The company has a market cap of $22.25 billion, a P/E ratio of 108.26 and a beta of 0.61. The company has a fifty day moving average of $183.61 and a 200-day moving average of $182.53.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same quarter in the previous year, the firm earned $1.78 earnings per share. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. Sell-side analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.63 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, August 30th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Analyst Ratings Changes

CBOE has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Piper Sandler restated an “overweight” rating and issued a $210.00 price target (up from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Barclays lifted their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $168.00 to $195.00 in a report on Monday, August 5th. Finally, Rosenblatt Securities upped their price target on shares of Cboe Global Markets from $200.00 to $205.00 and gave the company a “buy” rating in a report on Monday, May 6th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus price target of $199.64.

Insider Activity at Cboe Global Markets

In other news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction dated 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 in the company, valued at $879,579.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Dave Howson sold 2,500 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $186.67, for a total transaction of $466,675.00. Following the transaction, the executive vice president now directly owns 15,073 shares in the company, valued at $2,813,676.91. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Catherine R. Clay sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $203.23, for a total value of $121,938.00. Following the completion of the sale, the executive vice president now directly owns 4,328 shares of the company’s stock, valued at $879,579.44. The disclosure for this sale can be found here. Insiders sold a total of 16,565 shares of company stock valued at $3,063,663 over the last ninety days. 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.