California State Teachers Retirement System Purchases 43,534,203 Shares of Cboe Global Markets, Inc. $CBOE

California State Teachers Retirement System boosted its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 24,398.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,712,632 shares of the company’s stock after purchasing an additional 43,534,203 shares during the quarter. California State Teachers Retirement System owned 0.41% of Cboe Global Markets worth $10,607,744,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Cboe Global Markets in the second quarter worth $2,474,799,000. Deutsche Bank AG acquired a new position in shares of Cboe Global Markets in the 2nd quarter valued at $491,465,000. Norges Bank bought a new stake in shares of Cboe Global Markets in the 4th quarter valued at $354,578,000. Jupiter Topco LLC bought a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $304,917,000. Finally, Legal & General Group Plc bought a new stake in shares of Cboe Global Markets in the 2nd quarter valued at $175,870,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CBOE. Morgan Stanley reiterated an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a report on Friday, July 10th. TD Cowen boosted their target price on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Erste Group Bank downgraded Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Barclays lifted their price objective on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Finally, Loop Capital set a $380.00 price objective on Cboe Global Markets in a research report on Monday, August 3rd. Three analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $315.30.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This trade represents a 6.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Stock Down 1.7%

CBOE stock opened at $293.33 on Wednesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $31.11 billion, a P/E ratio of 151.20 and a beta of 0.61. The business has a 50-day moving average of $286.73 and a 200-day moving average of $295.27. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18.

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

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.86 per share. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s payout ratio is currently 98.97%.

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.