Swedbank AB Sells 14,809 Shares of Cboe Global Markets, Inc. $CBOE

Key Points

• Swedbank AB has reduced its stake in Cboe Global Markets by 11.6%, selling 14,809 shares and now holding 112,524 shares worth approximately $25.4 million.
• Cboe Global Markets increased its quarterly dividend from $0.63 to $0.72 per share, which represents an annualized dividend of $2.88 and a yield of 1.2%.
• Recent earnings data showed Cboe Global Markets reported $2.46 EPS, exceeding analysts' estimates, with revenue increasing 14.3% compared to the same quarter last year.

Swedbank AB lessened its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,524 shares of the company's stock after selling 14,809 shares during the quarter. Swedbank AB owned approximately 0.11% of Cboe Global Markets worth $25,463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. OneDigital Investment Advisors LLC purchased a new position in Cboe Global Markets during the 1st quarter valued at about $265,000. Capital Investment Advisory Services LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at approximately $277,000. Harel Insurance Investments & Financial Services Ltd. grew its stake 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 valued at $6,689,000 after buying an additional 7,146 shares in the last quarter. GAM Holding AG bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at approximately $1,541,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of Cboe Global Markets in the 1st quarter valued at approximately $3,463,000. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

Shares of CBOE stock traded down $1.05 during trading hours on Thursday, reaching $235.91. 258,340 shares of the company's stock were exchanged, compared to its average volume of 870,585. Cboe Global Markets, Inc. has a fifty-two week low of $187.30 and a fifty-two week high of $255.27. The stock has a market capitalization of $24.67 billion, a P/E ratio of 32.67, a P/E/G ratio of 1.75 and a beta of 0.46. The business has a fifty day moving average price of $241.00 and a 200-day moving average price of $228.31. 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 issued its earnings results on Friday, August 1st. The company reported $2.46 EPS 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 firm's quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the business earned $2.15 earnings per share. Analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid 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 dividend yield of 1.2%. Cboe Global Markets's dividend payout ratio is currently 33.76%.

Analyst Ratings Changes

Several brokerages recently commented on CBOE. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the company an "outperform" rating in a research note on Monday, August 4th. Piper Sandler upped their target price on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Barclays upped their target price on Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Keefe, Bruyette & Woods upped their target price on 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. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Reduce" 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.