Handelsbanken Fonder AB Lowers Stake in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Handelsbanken Fonder AB lessened its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 46,083 shares of the company's stock after selling 1,708 shares during the period. Handelsbanken Fonder AB's holdings in Cboe Global Markets were worth $10,409,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CBOE. Brighton Jones LLC grew its position in Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock worth $213,000 after buying an additional 100 shares during the period. Apollon Wealth Management LLC purchased a new stake in shares of Cboe Global Markets during the 4th quarter worth approximately $238,000. Savant Capital LLC grew its holdings in shares of Cboe Global Markets by 15.5% in the 4th quarter. Savant Capital LLC now owns 2,044 shares of the company's stock worth $399,000 after acquiring an additional 275 shares during the period. Summit Trail Advisors LLC increased its stake in Cboe Global Markets by 22.5% in the 4th quarter. Summit Trail Advisors LLC now owns 1,887 shares of the company's stock valued at $369,000 after purchasing an additional 346 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Cboe Global Markets by 1.3% in the 4th quarter. Van ECK Associates Corp now owns 18,666 shares of the company's stock valued at $3,647,000 after purchasing an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Trading Down 0.2%

Shares of CBOE traded down $0.49 on Friday, hitting $225.81. 723,407 shares of the stock traded hands, compared to its average volume of 888,021. Cboe Global Markets, Inc. has a 1 year low of $166.13 and a 1 year high of $236.02. The stock's 50 day moving average is $221.21 and its two-hundred day moving average is $211.45. The firm has a market capitalization of $23.65 billion, a P/E ratio of 31.28, a P/E/G ratio of 1.75 and a beta of 0.43. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $2.50 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.15 earnings per share. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.12%. The ex-dividend date is Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is 33.03%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CBOE shares. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a report on Monday, May 5th. UBS Group increased their price objective on shares of Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Morgan Stanley cut shares of Cboe Global Markets from an "overweight" rating to an "underweight" rating and cut their target price for the stock from $256.00 to $215.00 in a research report on Wednesday, May 14th. Bank of America reaffirmed a "neutral" rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Finally, Barclays raised their price objective on shares of Cboe Global Markets from $232.00 to $245.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $219.64.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the sale, the executive vice president now directly owns 2,183 shares of the company's stock, valued at approximately $494,624.14. This trade represents a 62.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.22% of the company's stock.

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.