AMF Tjanstepension AB Takes Position in Cboe Global Markets, Inc. $CBOE

Key Points

• AMF Tjanstepension AB acquired a new stake in Cboe Global Markets, purchasing 26,408 shares valued at approximately $6.16 million during the 2nd quarter.
• Cboe Global Markets has a market capitalization of $25.05 billion and reported a 14.3% increase in revenue year-over-year in its most recent earnings report, with an EPS of $2.46.
• The company recently announced a quarterly dividend increase to $0.72 per share, showcasing a 1.2% yield on an annualized basis.

AMF Tjanstepension AB purchased a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 26,408 shares of the company's stock, valued at approximately $6,159,000.

Other hedge funds have also made changes to their positions in the company. Missouri Trust & Investment Co acquired a new position in shares of Cboe Global Markets in the 2nd quarter worth approximately $26,000. Clearstead Trust LLC acquired a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $26,000. NBC Securities Inc. acquired a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $27,000. Hughes Financial Services LLC acquired a new position in shares of Cboe Global Markets in the 1st quarter worth approximately $29,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of Cboe Global Markets by 4,633.3% in the 1st quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after acquiring an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on CBOE. Oppenheimer set a $265.00 target price on shares of Cboe Global Markets and gave the stock an "outperform" rating in a report on Monday, August 4th. Piper Sandler increased their target price on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. UBS Group reaffirmed a "neutral" rating and issued a $255.00 target price (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Morgan Stanley reissued an "underweight" rating and set a $221.00 price objective on shares of Cboe Global Markets in a research report on Wednesday. Finally, Loop Capital set a $261.00 target price on shares of Cboe Global Markets in a research note on Thursday. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Reduce" and a consensus price target of $234.23.

Cboe Global Markets Stock Performance

Shares of NASDAQ CBOE opened at $239.54 on Friday. The company has a market cap of $25.05 billion, a PE ratio of 33.18, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $255.27. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a 50-day simple moving average of $241.54 and a 200-day simple moving average of $230.52.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings results on Friday, August 1st. The company reported $2.46 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company's revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.15 earnings per share. On average, equities analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

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

About Cboe Global Markets

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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