Illinois Municipal Retirement Fund Sells 11,904 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE)

Illinois Municipal Retirement Fund reduced its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 16.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 60,175 shares of the company's stock after selling 11,904 shares during the quarter. Illinois Municipal Retirement Fund owned about 0.06% of Cboe Global Markets worth $11,758,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Los Angeles Capital Management LLC boosted its position in shares of Cboe Global Markets by 13.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 760,528 shares of the company's stock valued at $148,607,000 after acquiring an additional 91,694 shares during the last quarter. Stack Financial Management Inc bought a new position in shares of Cboe Global Markets during the 4th quarter valued at approximately $21,290,000. Skylands Capital LLC boosted its position in shares of Cboe Global Markets by 88.9% during the 4th quarter. Skylands Capital LLC now owns 8,500 shares of the company's stock valued at $1,661,000 after acquiring an additional 4,000 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Cboe Global Markets by 17.8% during the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 58,242 shares of the company's stock valued at $11,380,000 after acquiring an additional 8,800 shares during the last quarter. Finally, Pinnacle Financial Partners Inc boosted its position in shares of Cboe Global Markets by 5.2% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company's stock valued at $234,000 after acquiring an additional 59 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on CBOE shares. Bank of America increased their target price on Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a research report on Monday, February 10th. William Blair assumed coverage on Cboe Global Markets in a report on Thursday, January 9th. They set a "market perform" rating on the stock. Barclays increased their price target on Cboe Global Markets from $212.00 to $216.00 and gave the company an "equal weight" rating in a report on Monday, February 10th. Keefe, Bruyette & Woods decreased their price target on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a report on Monday, January 13th. Finally, Oppenheimer decreased their price target on Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating on the stock in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $206.86.

Cboe Global Markets Stock Performance

CBOE stock traded up $2.80 during midday trading on Friday, reaching $210.80. The company's stock had a trading volume of 922,136 shares, compared to its average volume of 765,821. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The company's fifty day moving average price is $201.24. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $221.66. The stock has a market cap of $22.07 billion, a price-to-earnings ratio of 29.20, a price-to-earnings-growth ratio of 1.75 and a beta of 0.68.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, February 7th. The company reported $2.10 earnings per share for the quarter, missing analysts' consensus estimates 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 previous year, the business posted $2.06 earnings per share. As a group, analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. Cboe Global Markets's payout ratio is 34.90%.

Insiders Place Their Bets

In other news, EVP Adam Inzirillo sold 200 shares of the firm's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the transaction, the executive vice president now owns 1,993 shares in the company, valued at approximately $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Allen Wilkinson sold 228 shares of the firm's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now owns 248 shares in the company, valued at approximately $52,357.76. This represents a 47.90 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,544 shares of company stock worth $2,380,529 over the last quarter. Company insiders own 0.22% of the company's stock.

Cboe Global Markets Company 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.