E. Ohman J or Asset Management AB Increases Position in Cboe Global Markets, Inc. $CBOE

E. Ohman J or Asset Management AB raised its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 39.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 188,877 shares of the company’s stock after acquiring an additional 53,083 shares during the period. Cboe Global Markets makes up approximately 1.4% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 12th largest position. E. Ohman J or Asset Management AB owned about 0.18% of Cboe Global Markets worth $53,088,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Sound Income Strategies LLC lifted its stake in Cboe Global Markets by 102.2% in the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after purchasing an additional 46 shares in the last quarter. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $26,000. Headlands Technologies LLC purchased a new stake in shares of Cboe Global Markets in the second quarter valued at approximately $31,000. Elyxium Wealth LLC acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $33,000. Finally, DV Equities LLC acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $37,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Analyst Ratings Changes

CBOE has been the subject of several analyst reports. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Monday, June 8th. TD Cowen lifted their price target on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Piper Sandler boosted their price target on shares of Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a research report on Wednesday, April 15th. Morgan Stanley upped their price objective on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a report on Friday, April 10th. Finally, Barclays raised their price objective on shares of Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and a consensus target price of $322.60.

Cboe Global Markets Price Performance

CBOE stock opened at $249.10 on Friday. Cboe Global Markets, Inc. has a 52-week low of $223.54 and a 52-week high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market cap of $26.42 billion, a price-to-earnings ratio of 128.40 and a beta of 0.61. The business has a fifty day moving average of $314.62 and a two-hundred day moving average of $287.22.

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

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a dividend of $0.72 per share. The ex-dividend date was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In other 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 value of $437,944.07. Following the sale, the director directly owned 13,807 shares of the company’s stock, valued at approximately $4,944,148.63. The trade was a 8.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by corporate insiders.

Cboe Global Markets 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.