Cboe Global Markets, Inc. (NASDAQ:CBOE) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 16.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,175 shares of the company’s stock after selling 11,904 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Cboe Global Markets were worth $11,758,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC increased its stake in Cboe Global Markets by 0.3% during the third quarter. Janus Henderson Group PLC now owns 1,528,295 shares of the company’s stock worth $313,090,000 after acquiring an additional 5,216 shares during the last quarter. Tandem Investment Advisors Inc. increased its stake in Cboe Global Markets by 2.5% during the fourth quarter. Tandem Investment Advisors Inc. now owns 830,847 shares of the company’s stock worth $162,347,000 after acquiring an additional 20,515 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in Cboe Global Markets by 13.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 760,528 shares of the company’s stock worth $148,607,000 after acquiring an additional 91,694 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Cboe Global Markets by 5.8% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 673,030 shares of the company’s stock worth $131,510,000 after acquiring an additional 36,710 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in Cboe Global Markets by 16.7% during the fourth quarter. Nordea Investment Management AB now owns 646,670 shares of the company’s stock worth $126,262,000 after acquiring an additional 92,537 shares during the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on CBOE. JPMorgan Chase & Co. restated an “underweight” rating and set a $174.00 price target (down from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. StockNews.com upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Thursday, February 20th. Oppenheimer lowered their price target on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research report on Monday, January 13th. The Goldman Sachs Group lowered Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 price target for the company. in a research report on Monday, January 6th. Finally, William Blair began coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $206.86.

Cboe Global Markets Trading Down 1.3 %

NASDAQ:CBOE opened at $208.06 on Wednesday. The stock has a market capitalization of $21.78 billion, a price-to-earnings ratio of 28.82, a PEG ratio of 1.75 and a beta of 0.68. The company has a fifty day moving average of $200.47. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month 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 released its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 period in the previous year, the business earned $2.06 earnings per share. Equities analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the completion of the sale, the executive vice president now directly owns 8,025 shares of the company’s stock, valued at $1,653,230.25. The trade was a 57.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the sale, the executive vice president now directly owns 1,993 shares of the company’s stock, valued at $417,872.31. This trade represents a 9.12 % 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 in the last ninety days. Insiders own 0.22% of the company’s stock.

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.