SEB Asset Management AB Invests $6.68 Million in Cboe Global Markets, Inc. $CBOE

SEB Asset Management AB bought a new stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 23,778 shares of the company’s stock, valued at approximately $6,683,000.

Several other large investors have also recently made changes to their positions in CBOE. Oregon Public Employees Retirement Fund increased its holdings in Cboe Global Markets by 0.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,993 shares of the company’s stock valued at $3,371,000 after buying an additional 33 shares in the last quarter. Kendall Capital Management raised its position in shares of Cboe Global Markets by 0.5% in the fourth quarter. Kendall Capital Management now owns 8,862 shares of the company’s stock worth $2,224,000 after acquiring an additional 40 shares during the period. SHUTTLEWORTH & Co boosted its stake in shares of Cboe Global Markets by 0.5% during the 4th quarter. SHUTTLEWORTH & Co now owns 8,339 shares of the company’s stock worth $2,093,000 after acquiring an additional 41 shares in the last quarter. Norinchukin Bank The boosted its stake in shares of Cboe Global Markets by 0.7% during the 3rd quarter. Norinchukin Bank The now owns 5,884 shares of the company’s stock worth $1,443,000 after acquiring an additional 42 shares in the last quarter. Finally, IHT Wealth Management LLC grew its position in shares of Cboe Global Markets by 4.5% during the 2nd quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock valued at $238,000 after acquiring an additional 44 shares during the period. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cboe Global Markets

In other news, Director Janet P. Froetscher sold 1,223 shares of Cboe Global Markets stock in a transaction that occurred on Monday, May 18th. The stock was 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 $4,944,148.63. The trade was a 8.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is currently owned by company insiders.

Cboe Global Markets Stock Down 1.4%

CBOE opened at $274.40 on Wednesday. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month 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 company has a 50-day moving average price of $290.73 and a 200 day moving average price of $288.52. The company has a market cap of $29.10 billion, a PE ratio of 141.44 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same period last year, the company posted $2.50 EPS. Cboe Global Markets’s quarterly revenue was up 29.0% compared to the same quarter last year. Sell-side 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 company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Friday, May 29th were given a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Friday, May 29th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CBOE. Keefe, Bruyette & Woods lifted their price target on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. TD Cowen boosted their price objective on Cboe Global Markets from $259.00 to $304.00 and gave the company a “hold” rating in a research report on Monday. Morgan Stanley restated an “underweight” rating and issued a $258.00 price objective on shares of Cboe Global Markets in a research report on Friday, July 10th. Finally, Barclays decreased their target price on Cboe Global Markets from $382.00 to $347.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cboe Global Markets currently has a consensus rating of “Hold” and an average target price of $303.60.

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. 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.