Swedbank AB Purchases 71,097 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Swedbank AB increased its position in Cboe Global Markets, Inc. (BATS:CBOE) by 305.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 94,392 shares of the company’s stock after purchasing an additional 71,097 shares during the period. Swedbank AB’s holdings in Cboe Global Markets were worth $19,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in shares of Cboe Global Markets by 31.9% during the first quarter. Bessemer Group Inc. now owns 760 shares of the company’s stock valued at $140,000 after acquiring an additional 184 shares during the last quarter. Motley Fool Asset Management LLC lifted its holdings in Cboe Global Markets by 5.1% in the 1st quarter. Motley Fool Asset Management LLC now owns 2,037 shares of the company’s stock worth $374,000 after buying an additional 99 shares during the period. Tidal Investments LLC grew its position in shares of Cboe Global Markets by 7.2% in the 1st quarter. Tidal Investments LLC now owns 13,541 shares of the company’s stock worth $2,488,000 after buying an additional 904 shares during the last quarter. Hancock Whitney Corp increased its stake in shares of Cboe Global Markets by 1.9% during the first quarter. Hancock Whitney Corp now owns 106,531 shares of the company’s stock valued at $19,573,000 after buying an additional 2,009 shares during the period. Finally, Comerica Bank raised its holdings in shares of Cboe Global Markets by 42.6% during the first quarter. Comerica Bank now owns 30,009 shares of the company’s stock valued at $5,514,000 after acquiring an additional 8,970 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Piper Sandler lifted their price target on shares of Cboe Global Markets from $210.00 to $220.00 and gave the company an “overweight” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods lifted their target price on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised shares of Cboe Global Markets from a “hold” rating to a “buy” rating and increased their price target for the stock from $212.00 to $222.00 in a research note on Monday, November 11th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $220.00 price objective on shares of Cboe Global Markets in a research report on Monday, November 4th. Finally, Barclays reduced their target price on Cboe Global Markets from $239.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $209.42.

Cboe Global Markets Stock Up 0.0 %

Shares of BATS:CBOE opened at $213.29 on Tuesday. 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 stock has a fifty day simple moving average of $207.83 and a two-hundred day simple moving average of $194.27. Cboe Global Markets, Inc. has a 12-month low of $103.82 and a 12-month high of $139.00. The stock has a market capitalization of $22.62 billion, a price-to-earnings ratio of 109.94 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last posted its quarterly earnings results on Friday, November 1st. The company reported $2.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.19 by $0.03. The firm had revenue of $532.00 million during the quarter, compared to analyst estimates of $530.46 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. Cboe Global Markets’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.06 EPS. On average, research analysts anticipate 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 announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $0.63 dividend. The ex-dividend date is Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Cboe Global Markets announced that its Board of Directors has approved a stock buyback program 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 programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other Cboe Global Markets news, COO Christopher A. Isaacson sold 6,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $204.89, for a total value of $1,229,340.00. Following the completion of the transaction, the chief operating officer now owns 39,855 shares of the company’s stock, valued at approximately $8,165,890.95. The trade was a 13.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at approximately $1,886,690.52. The trade was a 15.50 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.51% of the company’s stock.

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.