State of New Jersey Common Pension Fund D Lowers Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

State of New Jersey Common Pension Fund D reduced its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 38,126 shares of the company’s stock after selling 883 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Cboe Global Markets were worth $7,450,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $36,000. TD Private Client Wealth LLC boosted its holdings in shares of Cboe Global Markets by 149.0% in the third quarter. TD Private Client Wealth LLC now owns 371 shares of the company’s stock valued at $76,000 after acquiring an additional 222 shares in the last quarter. Trust Co. of Vermont boosted its holdings in shares of Cboe Global Markets by 2,000.0% in the fourth quarter. Trust Co. of Vermont now owns 420 shares of the company’s stock valued at $82,000 after acquiring an additional 400 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Cboe Global Markets in the third quarter valued at about $158,000. Finally, USA Financial Formulas purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $182,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

Cboe Global Markets Trading Up 1.9 %

Shares of CBOE opened at $206.22 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $21.59 billion, a PE ratio of 28.10, a P/E/G ratio of 2.14 and a beta of 0.68. The business’s 50-day simple moving average is $199.38. Cboe Global Markets, Inc. has a 12-month low of $166.13 and a 12-month high of $221.66.

Cboe Global Markets (NASDAQ:CBOE) last announced its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.33% and a net margin of 19.65%. During the same quarter last year, the firm posted $2.06 EPS. As a group, analysts forecast that Cboe Global Markets, Inc. will post 8.64 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 given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets’s payout ratio is currently 34.33%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. William Blair assumed coverage on shares of Cboe Global Markets in a report on Thursday, January 9th. They issued a “market perform” rating on the stock. Jefferies Financial Group lowered their target price on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating on the stock in a report on Thursday, January 9th. Barclays raised their price objective on shares of Cboe Global Markets from $212.00 to $216.00 and gave the company an “equal weight” rating in a research note on Monday, February 10th. Oppenheimer reduced their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating for the company in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $174.00 price objective (down previously from $203.00) on shares of Cboe Global Markets in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus price target of $206.86.

Insiders Place Their Bets

In other news, EVP Dave Howson sold 11,036 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $206.01, for a total value of $2,273,526.36. Following the completion of the transaction, the executive vice president now owns 8,025 shares of the company’s stock, valued at $1,653,230.25. The trade was a 57.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is currently owned by company insiders.

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.