California Public Employees Retirement System Reduces Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

California Public Employees Retirement System cut its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 571,045 shares of the company's stock after selling 7,810 shares during the period. California Public Employees Retirement System owned about 0.55% of Cboe Global Markets worth $111,582,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Cboe Global Markets by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 12,628,964 shares of the company's stock valued at $2,467,700,000 after buying an additional 56,233 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of Cboe Global Markets by 0.3% in the 3rd quarter. Janus Henderson Group PLC now owns 1,528,295 shares of the company's stock worth $313,090,000 after purchasing an additional 5,216 shares in the last quarter. Norges Bank bought a new position in Cboe Global Markets in the 4th quarter worth $269,524,000. Amundi lifted its position in Cboe Global Markets by 27.2% during the fourth quarter. Amundi now owns 885,659 shares of the company's stock valued at $170,923,000 after purchasing an additional 189,280 shares in the last quarter. Finally, Tandem Investment Advisors Inc. grew its holdings 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 valued at $162,347,000 after purchasing an additional 20,515 shares during the period. 82.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CBOE has been the topic of several recent research reports. Oppenheimer decreased their price objective on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a research note on Monday, January 13th. Bank of America lifted their price target on shares of Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a report on Monday, February 10th. Barclays upped their price target on shares of Cboe Global Markets from $212.00 to $216.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. Jefferies Financial Group decreased their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating on the stock in a research report on Thursday, January 9th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $174.00 target price (down previously from $203.00) on shares of Cboe Global Markets in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of "Hold" and an average price target of $206.86.

Insider Activity

In related news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares of the company's stock, valued at approximately $52,357.76. This trade represents a 47.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,544 shares of company stock worth $2,380,529. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Trading Down 4.8 %

CBOE traded down $10.75 during trading on Friday, hitting $215.05. 1,912,418 shares of the company traded hands, compared to its average volume of 826,793. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a market cap of $22.52 billion, a P/E ratio of 29.79, a PEG ratio of 1.75 and a beta of 0.47. The stock has a 50-day moving average price of $212.29. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $234.37.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the prior year, the firm earned $2.06 earnings per share. Equities analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, February 28th. This represents a $2.52 annualized dividend and a dividend yield of 1.17%. Cboe Global Markets's dividend payout ratio (DPR) is 34.90%.

About Cboe Global Markets

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.