Kentucky Retirement Systems Insurance Trust Fund Buys New Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Kentucky Retirement Systems Insurance Trust Fund bought a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,067 shares of the company's stock, valued at approximately $694,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of Cboe Global Markets during the first quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new stake in shares of Cboe Global Markets during the fourth quarter valued at about $29,000. Greenline Partners LLC bought a new stake in Cboe Global Markets in the fourth quarter worth about $29,000. Generali Asset Management SPA SGR bought a new stake in Cboe Global Markets in the fourth quarter worth about $37,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in Cboe Global Markets in the fourth quarter worth about $39,000. 82.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the sale, the executive vice president now directly owns 2,183 shares in the company, valued at approximately $494,624.14. The trade was a 62.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CBOE has been the topic of a number of analyst reports. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Piper Sandler lifted their price target on Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Loop Capital set a $227.00 price target on Cboe Global Markets in a research note on Monday, May 5th. Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and dropped their price target for the stock from $256.00 to $215.00 in a research note on Wednesday, May 14th. Finally, Bank of America reissued a "neutral" rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research note on Thursday, April 10th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of "Hold" and a consensus target price of $219.64.

Cboe Global Markets Stock Down 1.8%

Shares of Cboe Global Markets stock traded down $4.14 during trading on Thursday, hitting $226.26. 664,954 shares of the stock traded hands, compared to its average volume of 871,837. The stock has a market cap of $23.69 billion, a P/E ratio of 31.34, a PEG ratio of 1.75 and a beta of 0.43. 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, Inc. has a twelve month low of $166.88 and a twelve month high of $236.02. The company has a fifty day moving average price of $224.02 and a two-hundred day moving average price of $212.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.15 earnings per share. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $0.63 per share. The ex-dividend date was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.11%. Cboe Global Markets's dividend payout ratio is 33.03%.

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.