Cboe Global Markets, Inc. $CBOE Stock: State of Alaska Department of Revenue Increases Holdings

State of Alaska Department of Revenue increased its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 378.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,043 shares of the company’s stock after acquiring an additional 38,788 shares during the quarter. State of Alaska Department of Revenue’s holdings in Cboe Global Markets were worth $13,501,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CBOE. BlackRock Inc. acquired a new stake in shares of Cboe Global Markets during the second quarter worth about $2,474,799,000. Deutsche Bank AG bought a new position in shares of Cboe Global Markets during the 2nd quarter valued at about $491,465,000. Jupiter Topco LLC bought a new position in shares of Cboe Global Markets during the 2nd quarter valued at about $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cboe Global Markets by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock valued at $239,662,000 after purchasing an additional 51,784 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Cboe Global Markets by 10.1% in the 1st quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock valued at $211,037,000 after purchasing an additional 68,742 shares during the period. Institutional investors own 81.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CBOE. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Piper Sandler cut their price target on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 15th. Loop Capital set a $343.00 price target on shares of Cboe Global Markets in a research note on Wednesday, October 7th. The Goldman Sachs Group upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Wells Fargo & Company upped their price target on shares of Cboe Global Markets from $301.00 to $309.00 and gave the company an “equal weight” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $321.91.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the business’s stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Up 2.5%

Shares of CBOE traded up $7.63 during midday trading on Thursday, hitting $308.10. The stock had a trading volume of 486,109 shares, compared to its average volume of 1,126,274. The firm has a market cap of $32.68 billion, a price-to-earnings ratio of 158.82 and a beta of 0.61. The company has a 50 day simple moving average of $287.03 and a two-hundred day simple moving average of $292.95. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data 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 company had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 earnings per share. On average, analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date was Monday, August 31st. Cboe Global Markets’s dividend payout ratio is 98.97%.

Cboe Global Markets 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.