Texas Permanent School Fund Corp Has $1.72 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Texas Permanent School Fund Corp lowered its position in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) by 36.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,361 shares of the company’s stock after selling 4,214 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Cboe Global Markets were worth $1,717,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Alliancebernstein L.P. raised its stake in Cboe Global Markets by 23.1% during the 1st quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company’s stock valued at $2,141,730,000 after purchasing an additional 1,779,048 shares during the period. Norges Bank purchased a new position in shares of Cboe Global Markets during the second quarter valued at $324,234,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Cboe Global Markets by 400.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company’s stock valued at $241,580,000 after buying an additional 854,325 shares in the last quarter. Invesco Ltd. raised its position in Cboe Global Markets by 27.3% during the second quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock valued at $402,990,000 after buying an additional 370,223 shares during the period. Finally, Man Group plc lifted its stake in Cboe Global Markets by 106.5% in the 2nd quarter. Man Group plc now owns 546,734 shares of the company’s stock worth $127,504,000 after acquiring an additional 281,939 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, November 3rd. Morgan Stanley upped their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an “underweight” rating in a research note on Monday. Barclays increased their target price on shares of Cboe Global Markets from $264.00 to $273.00 and gave the stock an “equal weight” rating in a research report on Monday, November 3rd. Finally, Piper Sandler restated an “overweight” rating and set a $290.00 price target on shares of Cboe Global Markets in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $246.62.

Cboe Global Markets Price Performance

Shares of CBOE opened at $251.83 on Tuesday. The firm has a market cap of $26.35 billion, a PE ratio of 34.88, a PEG ratio of 1.75 and a beta of 0.36. The firm’s 50 day moving average price is $249.56 and its 200 day moving average price is $241.83. 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 $187.30 and a twelve month high of $262.98.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, October 31st. The company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.22 earnings per share. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.72 per share. This represents a yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio is presently 30.93%.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.