Cboe Global Markets, Inc. $CBOE Shares Sold by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB reduced its stake in Cboe Global Markets by 0.8%, now holding approximately 686,639 shares worth $156.9 million following the sale of 5,422 shares.
• Multiple large investors have adjusted their holdings, with institutional investors owning 82.67% of the company's stock.
• Cboe Global Markets recently announced a quarterly dividend increase to $0.72 per share, raising its annualized dividend yield to 1.2%.

Nordea Investment Management AB lessened its position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 0.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 686,639 shares of the company's stock after selling 5,422 shares during the period. Nordea Investment Management AB owned approximately 0.66% of Cboe Global Markets worth $156,931,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. OneDigital Investment Advisors LLC acquired a new stake in shares of Cboe Global Markets in the 1st quarter worth about $265,000. Capital Investment Advisory Services LLC acquired a new stake in shares of Cboe Global Markets in the 1st quarter worth about $277,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Cboe Global Markets by 31.9% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock worth $6,689,000 after acquiring an additional 7,146 shares during the period. GAM Holding AG acquired a new stake in shares of Cboe Global Markets in the 1st quarter worth about $1,541,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Cboe Global Markets in the 1st quarter worth about $3,463,000. Institutional investors and hedge funds own 82.67% of the company's stock.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several research analyst reports. Piper Sandler set a $270.00 target price on shares of Cboe Global Markets and gave the company an "overweight" rating in a research note on Tuesday. Loop Capital set a $264.00 price objective on shares of Cboe Global Markets in a report on Wednesday, October 8th. UBS Group reiterated a "neutral" rating and issued a $255.00 price objective (up from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the company an "outperform" rating in a report on Monday, August 4th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $221.00 price objective on shares of Cboe Global Markets in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $235.46.

Cboe Global Markets Stock Performance

Shares of CBOE opened at $239.62 on Friday. The firm's 50 day moving average is $240.37 and its 200-day moving average is $231.98. The stock has a market capitalization of $25.06 billion, a P/E ratio of 33.19, a P/E/G ratio of 1.75 and a beta of 0.44. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. Cboe Global Markets's quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.15 EPS. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.72 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is an increase from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend 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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