Cboe Global Markets, Inc. $CBOE Stock Position Raised by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB lifted its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 603.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,717 shares of the company’s stock after purchasing an additional 21,204 shares during the period. E. Ohman J or Asset Management AB’s holdings in Cboe Global Markets were worth $6,804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Cboe Global Markets in the second quarter valued at about $2,474,799,000. Deutsche Bank AG bought a new position in Cboe Global Markets in the second quarter valued at about $491,465,000. Jupiter Topco LLC acquired a new stake in Cboe Global Markets during the 2nd quarter worth approximately $304,917,000. Legal & General Group Plc bought a new stake in shares of Cboe Global Markets in the second quarter worth $175,870,000. Finally, Bank of America Corp DE acquired a new stake in shares of Cboe Global Markets in the second quarter valued at about $162,794,000. 81.73% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Trading Up 2.8%

Shares of Cboe Global Markets stock opened at $327.72 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 company has a 50 day simple moving average of $290.30 and a two-hundred day simple moving average of $294.32. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The firm has a market cap of $34.76 billion, a PE ratio of 168.93 and a beta of 0.61.

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 analysts’ consensus estimates of $3.49 by $0.07. The business had revenue of $731.60 million for the quarter, compared to analysts’ expectations of $716.61 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s quarterly revenue was up 24.6% on a year-over-year basis. During the same period last year, the business earned $2.46 earnings per share. Analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 1.0%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Cboe Global Markets announced that its board has authorized a stock repurchase program on Thursday, October 22nd that allows the company to repurchase $550.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 1.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

Several research firms have recently weighed in on CBOE. JPMorgan Chase & Co. lifted their price objective on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 28th. Barclays decreased their price target on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a report on Wednesday, October 7th. The Goldman Sachs Group raised shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Finally, Wells Fargo & Company lifted their price objective on Cboe Global Markets from $301.00 to $309.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $321.91.

Insider Activity

In related news, Director Janet Froetscher sold 937 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.51% of the company’s stock.

Cboe Global Markets Company 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.