Cboe Global Markets, Inc. $CBOE Shares Sold by Swedbank AB

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 reduced its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,524 shares of the company's stock after selling 14,809 shares during the period. 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 have also recently bought and sold shares of the company. Clearstead Trust LLC purchased a new stake in Cboe Global Markets in the 1st quarter valued at about $26,000. NBC Securities Inc. purchased a new stake in Cboe Global Markets in the 1st quarter valued at about $27,000. Hughes Financial Services LLC purchased a new stake in Cboe Global Markets in the 1st quarter valued at about $29,000. Cornerstone Planning Group LLC raised 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 valued at $30,000 after buying an additional 139 shares during the period. Finally, Pandora Wealth Inc. purchased a new stake in Cboe Global Markets in the 1st quarter valued at about $45,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Performance

NASDAQ CBOE traded down $0.35 on Tuesday, reaching $233.74. The stock had a trading volume of 855,542 shares, compared to its average volume of 875,673. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 12-month low of $187.30 and a 12-month high of $255.27. The business's 50-day moving average price is $240.89 and its 200 day moving average price is $228.21. The stock has a market cap of $24.45 billion, a P/E ratio of 32.37, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its quarterly earnings data 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%.During the same period in the previous year, the company earned $2.15 earnings per share. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. As a group, 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. Stockholders of record on Friday, August 29th were paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.2%. This is a boost 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 currently 33.76%.

Analyst Ratings Changes

CBOE has been the subject of several research reports. Piper Sandler lifted their target price on Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Citigroup lifted their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $254.00 price objective on shares of Cboe Global Markets in a research note on Monday, August 4th. Morgan Stanley set a $218.00 price objective on Cboe Global Markets and gave the company an "underweight" rating in a research note on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods lifted their price objective on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Two 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 stock currently has a consensus 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.