E. Ohman J or Asset Management AB Trims Stock Position in Cboe Global Markets, Inc. (BATS:CBOE)

E. Ohman J or Asset Management AB trimmed its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 16.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,655 shares of the company’s stock after selling 730 shares during the period. E. Ohman J or Asset Management AB’s holdings in Cboe Global Markets were worth $749,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CBOE. Dakota Wealth Management boosted its holdings in Cboe Global Markets by 16.5% during the third quarter. Dakota Wealth Management now owns 22,476 shares of the company’s stock worth $4,605,000 after buying an additional 3,181 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Cboe Global Markets by 58.0% during the third quarter. Assenagon Asset Management S.A. now owns 4,862 shares of the company’s stock worth $996,000 after buying an additional 1,784 shares in the last quarter. Impact Partnership Wealth LLC purchased a new stake in Cboe Global Markets during the third quarter worth $367,000. Brighton Jones LLC purchased a new stake in Cboe Global Markets during the third quarter worth $203,000. Finally, Axecap Investments LLC purchased a new stake in Cboe Global Markets during the third quarter worth $931,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $212.82 on Friday. The firm has a 50-day simple moving average of $209.20 and a 200-day simple moving average of $190.28. The stock has a market capitalization of $22.57 billion, a price-to-earnings ratio of 109.70 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 52 week low of $103.82 and a 52 week high of $139.00.

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

Cboe Global Markets Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Cboe Global Markets declared that its Board of Directors has authorized a stock buyback program on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $220.00 price target on shares of Cboe Global Markets in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods upped their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Piper Sandler upped their price objective on shares of Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $168.00 to $195.00 in a research report on Monday, August 5th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $208.75.

Insider Activity

In related news, EVP Dave Howson sold 5,073 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.16, for a total transaction of $974,827.68. Following the completion of the sale, the executive vice president now directly owns 7,573 shares in the company, valued at approximately $1,455,227.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Dave Howson sold 5,073 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $192.16, for a total transaction of $974,827.68. Following the completion of the sale, the executive vice president now directly owns 7,573 shares in the company, valued at approximately $1,455,227.68. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Jill Griebenow sold 1,622 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the sale, the chief financial officer now owns 8,844 shares of the company’s stock, valued at approximately $1,886,690.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,369 shares of company stock worth $2,687,925 over the last three months. Insiders own 0.51% of the company’s stock.

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.