Andra AP fonden Trims Stake in Cboe Global Markets, Inc. $CBOE

Andra AP fonden reduced its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 30.7% in the 4th quarter, Holdings Channel reports. The fund owned 86,100 shares of the company’s stock after selling 38,100 shares during the period. Andra AP fonden’s holdings in Cboe Global Markets were worth $21,611,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Cboe Global Markets by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock valued at $3,251,878,000 after acquiring an additional 120,021 shares in the last quarter. State Street Corp grew its holdings in Cboe Global Markets by 2.1% in the third quarter. State Street Corp now owns 4,996,816 shares of the company’s stock valued at $1,225,469,000 after purchasing an additional 101,349 shares during the period. Geode Capital Management LLC grew its holdings in Cboe Global Markets by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after purchasing an additional 65,108 shares during the period. Invesco Ltd. grew its holdings in Cboe Global Markets by 5.7% in the third quarter. Invesco Ltd. now owns 1,826,104 shares of the company’s stock valued at $447,852,000 after purchasing an additional 98,089 shares during the period. Finally, First Trust Advisors LP grew its holdings in Cboe Global Markets by 215.2% in the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after purchasing an additional 991,209 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CBOE has been the topic of several research analyst reports. Piper Sandler raised their price objective on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Argus raised Cboe Global Markets to a “hold” rating in a report on Wednesday, March 11th. TD Cowen raised their price objective on Cboe Global Markets from $293.00 to $365.00 and gave the company a “hold” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods raised their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Finally, Barclays raised their price objective on Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE opened at $295.90 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The business’s 50 day moving average price is $317.48 and its 200-day moving average price is $287.00. The firm has a market capitalization of $31.38 billion, a PE ratio of 152.53 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $222.89 and a 1 year high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business’s revenue was up 29.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.50 earnings per share. As a group, equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s payout ratio is currently 98.97%.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by corporate insiders.

Cboe Global Markets Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.