34,218 Shares in Cboe Global Markets, Inc. $CBOE Purchased by Nykredit A S

Nykredit A S bought a new position in shares of Cboe Global Markets, Inc. (BATS:CBOE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 34,218 shares of the company’s stock, valued at approximately $8,304,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CBOE. Jones Financial Companies Lllp acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new position in Cboe Global Markets in the fourth quarter valued at approximately $26,000. Keating Financial Advisory Services Inc. purchased a new position in Cboe Global Markets in the second quarter worth approximately $26,000. NFSG Corp purchased a new position in Cboe Global Markets in the first quarter worth approximately $31,000. Finally, Clearstead Trust LLC acquired a new stake in Cboe Global Markets during the second quarter worth $27,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on CBOE shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Morgan Stanley reissued an “underweight” rating and set a $258.00 price objective on shares of Cboe Global Markets in a research report on Friday, July 10th. Piper Sandler reduced their price objective on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Finally, TD Cowen upped their target price on shares of Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and a consensus price target of $315.30.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This trade represents a 6.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 currently owned by company insiders.

Cboe Global Markets Price Performance

Shares of CBOE opened at $298.38 on Friday. The company has a market cap of $31.65 billion, a P/E ratio of 153.80 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average price is $284.38 and its 200 day moving average price is $294.98.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating the consensus estimate of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. During the same quarter last year, the company posted $2.46 EPS. The firm’s revenue was up 24.6% compared to the same quarter last year. On average, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s payout ratio is presently 98.97%.

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.