Cboe Global Markets, Inc. $CBOE Position Lessened by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Cboe Global Markets by 9.4%, selling 3,601 shares, leaving it with 34,525 shares valued at approximately $7.81 million.
• Multiple hedge funds have altered their holdings in Cboe Global Markets, with T. Rowe Price increasing its position by 3.3% and GAMMA Investing LLC dramatically boosting its stake by 29,094.5%.
• Cboe Global Markets announced an increase in its quarterly dividend to $0.72 per share, up from $0.63, representing an annualized yield of 1.2%.

State of New Jersey Common Pension Fund D reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,525 shares of the company's stock after selling 3,601 shares during the period. State of New Jersey Common Pension Fund D's holdings in Cboe Global Markets were worth $7,813,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC grew its stake in shares of Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after buying an additional 100 shares in the last quarter. NewEdge Advisors LLC grew its position in Cboe Global Markets by 16.6% in the fourth quarter. NewEdge Advisors LLC now owns 13,802 shares of the company's stock valued at $2,697,000 after acquiring an additional 1,970 shares in the last quarter. GeoWealth Management LLC raised its stake in shares of Cboe Global Markets by 7.1% during the fourth quarter. GeoWealth Management LLC now owns 4,148 shares of the company's stock valued at $811,000 after purchasing an additional 275 shares during the period. First Trust Advisors LP raised its stake in shares of Cboe Global Markets by 756.0% during the fourth quarter. First Trust Advisors LP now owns 298,450 shares of the company's stock valued at $58,317,000 after purchasing an additional 263,585 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Cboe Global Markets by 2.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 604,768 shares of the company's stock worth $118,173,000 after purchasing an additional 17,219 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

Shares of CBOE traded down $3.40 during mid-day trading on Friday, hitting $245.85. The stock had a trading volume of 538,686 shares, compared to its average volume of 873,371. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. 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 has a market cap of $25.71 billion, a PE ratio of 34.05, a PEG ratio of 1.75 and a beta of 0.46. The company's fifty day simple moving average is $238.35 and its two-hundred day simple moving average is $224.61.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the previous year, the firm earned $2.15 EPS. Cboe Global Markets's revenue for the quarter was up 14.3% on a year-over-year basis. On average, equities analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.72 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's payout ratio is currently 33.76%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CBOE shares. Loop Capital set a $227.00 price target on shares of Cboe Global Markets in a report on Monday, May 5th. Piper Sandler raised their target price on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, August 4th. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. Barclays increased their price target on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a report on Monday, August 4th. Finally, Cowen restated a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Reduce" and a consensus target price of $231.38.

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.