Andra AP fonden Has $2.37 Million Position in Cboe Global Markets, Inc. $CBOE

Andra AP fonden lowered its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 90.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,448 shares of the company’s stock after selling 77,652 shares during the period. Andra AP fonden’s holdings in Cboe Global Markets were worth $2,374,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CBOE. Norges Bank acquired a new position in shares of Cboe Global Markets during the fourth quarter worth $354,578,000. Balyasny Asset Management L.P. raised its position in Cboe Global Markets by 1,340.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock worth $183,854,000 after purchasing an additional 697,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 acquiring an additional 635,199 shares during the last quarter. Marshall Wace LLP bought a new stake in Cboe Global Markets in the third quarter valued at approximately $107,052,000. Finally, Amundi increased its position in Cboe Global Markets by 47.9% during the 4th quarter. Amundi now owns 981,720 shares of the company’s stock valued at $246,412,000 after purchasing an additional 317,941 shares during the period. 81.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on CBOE. Loop Capital set a $304.00 price target on Cboe Global Markets in a research note on Monday. Piper Sandler dropped their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, May 4th. UBS Group upped their price target on Cboe Global Markets from $305.00 to $335.00 and gave the stock a “neutral” rating in a research note on Monday, May 4th. Finally, Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a report on Friday, June 5th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $303.60.

Insider Activity

In other news, Director Janet P. Froetscher sold 1,223 shares of the company’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the transaction, the director owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by insiders.

Cboe Global Markets Stock Performance

Shares of CBOE stock opened at $284.86 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $30.21 billion, a price-to-earnings ratio of 146.84 and a beta of 0.61. Cboe Global Markets, Inc. has a 52 week low of $227.15 and a 52 week high of $371.18. The firm’s 50-day simple moving average is $287.56 and its two-hundred day simple moving average is $288.99.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.37 by $0.33. The company had revenue of $728.90 million during the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. Cboe Global Markets’s quarterly revenue was up 29.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.50 EPS. As a group, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

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.