Swedbank AB Grows Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

Swedbank AB lifted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 305.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,392 shares of the company’s stock after purchasing an additional 71,097 shares during the quarter. Swedbank AB owned about 0.09% of Cboe Global Markets worth $19,338,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CBOE. Marshall Wace LLP raised its stake in shares of Cboe Global Markets by 306.6% during the second quarter. Marshall Wace LLP now owns 533,839 shares of the company’s stock worth $90,785,000 after purchasing an additional 402,547 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Cboe Global Markets by 66.5% during the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock worth $104,934,000 after purchasing an additional 246,442 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Cboe Global Markets by 36.2% during the second quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after purchasing an additional 132,833 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of Cboe Global Markets by 1,044.9% during the second quarter. Squarepoint Ops LLC now owns 119,673 shares of the company’s stock worth $20,352,000 after purchasing an additional 109,220 shares during the last quarter. Finally, Bahl & Gaynor Inc. grew its holdings in Cboe Global Markets by 152.3% during the first quarter. Bahl & Gaynor Inc. now owns 176,694 shares of the company’s stock worth $32,464,000 after acquiring an additional 106,666 shares during the period. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Cboe Global Markets Stock Performance

BATS CBOE opened at $210.45 on Thursday. Cboe Global Markets, Inc. has a twelve month low of $103.82 and a twelve month high of $139.00. The business’s 50-day moving average price is $207.91 and its 200 day moving average price is $188.74. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $22.32 billion, a PE ratio of 108.48 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings data on Friday, August 2nd. The company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $513.80 million during the quarter, compared to the consensus estimate of $514.51 million. During the same quarter in the prior year, the company posted $1.78 EPS. The company’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets announced that its Board of Directors has initiated a stock buyback plan on Friday, August 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 2.3% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is 98.97%.

Insider Buying and Selling

In related news, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the sale, the chief operating officer now owns 39,855 shares of the company’s stock, valued at $8,165,890.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jill Griebenow sold 1,622 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,261 shares of company stock valued at $3,604,822. 0.51% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CBOE has been the topic of a number of recent analyst reports. Barclays upped their price objective on Cboe Global Markets from $218.00 to $239.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Piper Sandler upped their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a report on Monday, August 5th. Oppenheimer upped their price objective on Cboe Global Markets from $209.00 to $227.00 and gave the stock an “outperform” rating in a report on Monday. Finally, JPMorgan Chase & Co. raised Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their target price for the company from $168.00 to $195.00 in a report on Monday, August 5th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $208.75.

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.