Swedbank AB Lowers Stake in Cboe Global Markets, Inc. $CBOE

Key Points

• Swedbank AB reduced its stake in Cboe Global Markets by 4.1% in Q2, owning approximately $25.17 million worth of the company as of its latest SEC filing.
• Cboe Global Markets has announced an increase in its quarterly dividend to $0.72 per share, up from the previous dividend of $0.63, reflecting a 1.2% yield.
• The firm reported earnings per share of $2.46 for the most recent quarter, surpassing analyst estimates, and its revenue increased by 14.3% compared to the previous year.

Swedbank AB lowered its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 4.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 107,946 shares of the company's stock after selling 4,578 shares during the period. Swedbank AB owned about 0.10% of Cboe Global Markets worth $25,174,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in CBOE. Clearstead Trust LLC bought a new position in shares of Cboe Global Markets during the 1st quarter valued at $26,000. NBC Securities Inc. bought a new stake in Cboe Global Markets in the 1st quarter worth $27,000. Hughes Financial Services LLC bought a new stake in Cboe Global Markets in the 1st quarter worth $29,000. Cornerstone Planning Group LLC grew its holdings in 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. Finally, Pandora Wealth Inc. bought a new stake in Cboe Global Markets in the 1st quarter worth $45,000. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

NASDAQ:CBOE traded down $1.21 during trading hours on Tuesday, reaching $235.41. The company had a trading volume of 72,947 shares, compared to its average volume of 870,294. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 52 week low of $187.30 and a 52 week high of $255.27. The firm has a market cap of $24.62 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 1.75 and a beta of 0.46. The firm's 50 day moving average price is $240.98 and its 200-day moving average price is $228.97.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating 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 revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $2.15 earnings per share. On average, analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CBOE. Royal Bank Of Canada reissued a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a report on Monday, August 4th. Keefe, Bruyette & Woods raised their target price on shares of Cboe Global Markets from $243.00 to $248.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. Morgan Stanley set a $218.00 target price on shares of Cboe Global Markets and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Piper Sandler raised their target price on shares of Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Barclays lifted their price target on shares of Cboe Global Markets from $243.00 to $256.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $231.38.

Cboe Global Markets 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.