E. Ohman J or Asset Management AB Has $43.45 Million Stock Position in Cboe Global Markets, Inc. $CBOE

Key Points

• E. Ohman J or Asset Management AB increased its stake in Cboe Global Markets by 5.1%, acquiring an additional 8,960 shares during the second quarter.
• Cboe Global Markets reported $2.46 EPS for its last quarter, beating analysts' expectations, with a year-over-year revenue increase of 14.3%.
• The company has declared a quarterly dividend of $0.72, representing a boost from the previous dividend and a 1.2% yield.

E. Ohman J or Asset Management AB raised its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 5.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,304 shares of the company's stock after purchasing an additional 8,960 shares during the period. Cboe Global Markets makes up about 1.1% of E. Ohman J or Asset Management AB's portfolio, making the stock its 19th largest holding. E. Ohman J or Asset Management AB owned approximately 0.18% of Cboe Global Markets worth $43,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Clearstead Trust LLC acquired a new stake in shares of Cboe Global Markets in the first quarter valued at approximately $26,000. NBC Securities Inc. acquired a new stake in shares of Cboe Global Markets in the first quarter valued at approximately $27,000. Hughes Financial Services LLC bought a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC lifted its holdings in shares of Cboe Global Markets by 4,633.3% during 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 period. Finally, Pandora Wealth Inc. bought a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $45,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Stock Down 0.6%

NASDAQ:CBOE traded down $1.33 during trading hours on Friday, reaching $233.10. The company had a trading volume of 191,882 shares, compared to its average volume of 870,594. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The firm has a market cap of $24.38 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 1.75 and a beta of 0.46. The business's 50-day simple moving average is $241.00 and its two-hundred day simple moving average is $228.44. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted 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%. 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 business earned $2.15 earnings per share. On average, equities analysts expect 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 declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 dividend payout ratio is 33.76%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CBOE shares. Piper Sandler upped their price target on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a report on Monday, August 4th. Oppenheimer set a $265.00 price target on shares of Cboe Global Markets and gave the stock an "outperform" rating in a report on Monday, August 4th. Barclays upped their price target on shares of Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. UBS Group reaffirmed a "neutral" rating and set a $255.00 price target (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets presently has an average rating of "Reduce" and an average price target of $231.38.

Cboe Global Markets Company Profile

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.