VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 230,590 Cboe Global Markets, Inc. $CBOE

Key Points

• Virginia Retirement Systems ET Al acquired 230,590 shares of Cboe Global Markets, Inc. valued at approximately $53.78 million, representing a 0.22% ownership in the company as per its recent SEC filing.
• Cboe Global Markets announced an increase in its quarterly dividend to $0.72 per share, up from $0.63, reflecting a dividend yield of 1.2%.
• Analysts have set varying price targets for Cboe Global Markets, with Piper Sandler raising it to $270.00 and Citigroup adjusting it to $245.00, indicating a mixed outlook on the stock.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 230,590 shares of the company's stock, valued at approximately $53,776,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.22% of Cboe Global Markets as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CBOE. Apollon Wealth Management LLC boosted its stake in Cboe Global Markets by 3.7% in the 2nd quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company's stock valued at $294,000 after purchasing an additional 45 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Cboe Global Markets by 1.3% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,864 shares of the company's stock valued at $874,000 after acquiring an additional 48 shares during the period. Pekin Hardy Strauss Inc. grew its stake in shares of Cboe Global Markets by 0.5% in the first quarter. Pekin Hardy Strauss Inc. now owns 10,765 shares of the company's stock valued at $2,436,000 after acquiring an additional 49 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Cboe Global Markets by 9.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company's stock worth $129,000 after acquiring an additional 49 shares during the period. Finally, Burney Co. increased its position in Cboe Global Markets by 0.7% during the first quarter. Burney Co. now owns 6,942 shares of the company's stock worth $1,571,000 after acquiring an additional 51 shares during the period. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Price Performance

Cboe Global Markets stock opened at $239.62 on Friday. The stock has a fifty day moving average of $240.37 and a 200-day moving average of $232.04. The stock has a market capitalization of $25.06 billion, a P/E ratio of 33.19, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. 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 52 week low of $187.30 and a 52 week high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.46 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 prior year, the business earned $2.15 earnings per share. The business's revenue was up 14.3% compared to the same quarter last year. On average, sell-side analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets's payout ratio is presently 33.76%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Piper Sandler set a $270.00 target price on shares of Cboe Global Markets and gave the stock an "overweight" rating in a research report on Tuesday. Royal Bank Of Canada reissued a "sector perform" rating and set a $254.00 price target on shares of Cboe Global Markets in a research report on Monday, August 4th. Barclays lifted their price objective on Cboe Global Markets from $256.00 to $264.00 and gave the company an "equal weight" rating in a report on Wednesday, October 8th. Morgan Stanley reissued an "underweight" rating and set a $221.00 target price on shares of Cboe Global Markets in a report on Wednesday, October 1st. Finally, Citigroup raised their price target on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $235.46.

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.

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