Vestcor Inc Acquires 7,753 Shares of Cboe Global Markets, Inc. $CBOE

Vestcor Inc grew its holdings in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 37.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,626 shares of the company’s stock after buying an additional 7,753 shares during the period. Vestcor Inc’s holdings in Cboe Global Markets were worth $7,185,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sound Income Strategies LLC boosted its holdings in shares of Cboe Global Markets by 102.2% in the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $33,000. Headlands Technologies LLC purchased a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $31,000. Ameriflex Group Inc. boosted its holdings in shares of Cboe Global Markets by 97.4% in the third quarter. Ameriflex Group Inc. now owns 154 shares of the company’s stock valued at $38,000 after purchasing an additional 76 shares during the period. Finally, MCF Advisors LLC boosted its holdings in shares of Cboe Global Markets by 71.4% in the fourth quarter. MCF Advisors LLC now owns 180 shares of the company’s stock valued at $45,000 after purchasing an additional 75 shares during the period. Institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Down 1.4%

Cboe Global Markets stock opened at $281.91 on Friday. The business has a fifty day moving average of $316.44 and a two-hundred day moving average of $285.76. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $29.90 billion, a P/E ratio of 145.32 and a beta of 0.61. Cboe Global Markets, Inc. has a twelve month low of $218.14 and a twelve month high of $371.18.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.Cboe Global Markets’s revenue was up 29.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.50 earnings per share. On average, analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.72 per share. The ex-dividend date is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Analysts Set New Price Targets

A number of analysts recently issued reports on CBOE shares. Morgan Stanley boosted their price target on Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a report on Friday, April 10th. Piper Sandler boosted their price target on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. TD Cowen boosted their price target on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. UBS Group boosted their price target on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $322.60.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the sale, the director owned 13,807 shares in the company, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

About Cboe Global Markets

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.