Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Stock Position in Cboe Global Markets, Inc. $CBOE

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Cboe Global Markets, Inc. by 31.9%, owning 76,842 shares valued at approximately $17.39 million.
• Cboe Global Markets recently announced a quarterly dividend increase to $0.72, reflecting a yield of 1.2% and a payout ratio of 29.54%.
• Analysts have mixed opinions on Cboe, with a consensus target price of $231.38 and three analysts rating it as a sell, while two rated it as a buy.

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 31.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,842 shares of the company's stock after purchasing an additional 18,600 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned 0.07% of Cboe Global Markets worth $17,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brighton Jones LLC lifted its position in Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after purchasing an additional 100 shares during the last quarter. Sagespring Wealth Partners LLC bought a new stake in Cboe Global Markets in the fourth quarter valued at approximately $204,000. CreativeOne Wealth LLC lifted its position in Cboe Global Markets by 9.1% in the fourth quarter. CreativeOne Wealth LLC now owns 5,084 shares of the company's stock valued at $994,000 after purchasing an additional 426 shares during the last quarter. Canada Post Corp Registered Pension Plan bought a new stake in Cboe Global Markets in the fourth quarter valued at approximately $344,000. Finally, NewEdge Advisors LLC lifted its position in Cboe Global Markets by 16.6% in the fourth quarter. NewEdge Advisors LLC now owns 13,802 shares of the company's stock valued at $2,697,000 after purchasing an additional 1,970 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Trading Up 1.6%

Shares of NASDAQ:CBOE traded up $3.92 during trading on Friday, hitting $247.63. The company had a trading volume of 740,424 shares, compared to its average volume of 874,303. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year 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 stock has a market cap of $25.90 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46. The company has a fifty day simple moving average of $236.28 and a two-hundred day simple moving average of $223.70.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, beating analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.15 earnings per share. As a group, equities analysts forecast 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 will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.72 dividend. The ex-dividend date is Friday, August 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. Cboe Global Markets's dividend payout ratio (DPR) is 33.76%.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total transaction of $815,234.84. Following the transaction, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. The trade was a 62.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.22% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CBOE. Barclays boosted their target price on Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Morgan Stanley set a $218.00 price target on Cboe Global Markets and gave the stock an "underweight" rating in a research note on Tuesday, July 15th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. UBS Group reissued a "neutral" rating and issued a $255.00 target price (up previously from $245.00) on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, Cowen reissued a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $231.38.

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.