Handelsbanken Fonder AB Reduces Stock Holdings in Cboe Global Markets, Inc. $CBOE

Handelsbanken Fonder AB lessened its stake in shares of Cboe Global Markets, Inc. (BATS:CBOEFree Report) by 10.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 33,508 shares of the company’s stock after selling 3,999 shares during the quarter. Handelsbanken Fonder AB’s holdings in Cboe Global Markets were worth $8,110,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Pacer Advisors Inc. grew its position in shares of Cboe Global Markets by 36.6% during the fourth quarter. Pacer Advisors Inc. now owns 11,639 shares of the company’s stock worth $2,921,000 after acquiring an additional 3,119 shares during the last quarter. Brindle & Bay Financial Advisors LLC acquired a new stake in Cboe Global Markets during the 4th quarter worth $735,000. Bleakley Financial Group LLC acquired a new stake in Cboe Global Markets during the 1st quarter worth $3,831,000. Fideuram Asset Management Ireland dac purchased a new position in Cboe Global Markets during the 4th quarter worth $995,000. Finally, Vestcor Inc grew its position in Cboe Global Markets by 37.1% during the 4th quarter. Vestcor Inc now owns 28,626 shares of the company’s stock worth $7,185,000 after purchasing an additional 7,753 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on CBOE. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Barclays raised their price target on Cboe Global Markets from $347.00 to $354.00 and gave the stock an “overweight” rating in a report on Monday, August 3rd. UBS Group upped their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Finally, TD Cowen lifted their target price on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Three equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $315.30.

Check Out Our Latest Report on Cboe Global Markets

Insider Buying and Selling

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the sale, the director directly owned 13,807 shares in the company, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Stock Performance

BATS CBOE opened at $293.08 on Friday. The stock has a market capitalization of $31.08 billion, a price-to-earnings ratio of 151.07 and a beta of 0.61. The business’s 50 day moving average is $274.29 and its two-hundred day moving average is $291.73. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOEGet Free Report) last posted its quarterly earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. During the same period last year, the firm earned $2.46 EPS. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. Research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Monday, August 31st. Cboe Global Markets’s dividend payout ratio is 98.97%.

About Cboe Global Markets

(Free Report)

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.

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Institutional Ownership by Quarter for Cboe Global Markets (BATS:CBOE)

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