Handelsbanken Fonder AB Trims Stock Holdings in Cboe Global Markets, Inc. $CBOE

Handelsbanken Fonder AB lessened its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 10.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,508 shares of the company’s stock after selling 3,999 shares during the quarter. Handelsbanken Fonder AB’s holdings in Cboe Global Markets were worth $8,110,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $354,578,000. Balyasny Asset Management L.P. raised its position in Cboe Global Markets by 1,340.0% in the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after purchasing an additional 697,600 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Cboe Global Markets by 2,425.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock worth $166,009,000 after purchasing an additional 635,199 shares in the last quarter. Marshall Wace LLP acquired a new position in Cboe Global Markets during the third quarter worth $107,052,000. Finally, Amundi boosted its position in shares of Cboe Global Markets by 47.9% during the fourth quarter. Amundi now owns 981,720 shares of the company’s stock worth $246,412,000 after buying an additional 317,941 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $293.08 on Friday. The stock’s 50-day moving average is $274.29 and its two-hundred day moving average is $291.73. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18. The company has a market cap of $31.08 billion, a price-to-earnings ratio of 151.07 and a beta of 0.61.

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

Cboe Global Markets Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CBOE. Loop Capital set a $380.00 price objective on Cboe Global Markets in a research note on Monday, August 3rd. JPMorgan Chase & Co. raised their target price on Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a report on Tuesday, July 28th. Barclays lifted their target price on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Finally, UBS Group raised their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $315.30.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Janet P. Froetscher sold 1,223 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director owned 13,807 shares in the company, valued at $4,944,148.63. The trade was a 8.14% decrease in their position. The transaction 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.

About Cboe Global Markets

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.