Skandinaviska Enskilda Banken AB publ Sells 19,063 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Skandinaviska Enskilda Banken AB publ reduced its position in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 48.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,255 shares of the company’s stock after selling 19,063 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Cboe Global Markets were worth $3,445,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CBOE. Tandem Investment Advisors Inc. raised its holdings in shares of Cboe Global Markets by 4.4% in the 2nd quarter. Tandem Investment Advisors Inc. now owns 835,216 shares of the company’s stock valued at $142,037,000 after purchasing an additional 35,336 shares during the period. Los Angeles Capital Management LLC raised its stake in Cboe Global Markets by 66.5% in the second quarter. Los Angeles Capital Management LLC now owns 617,041 shares of the company’s stock valued at $104,934,000 after buying an additional 246,442 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Cboe Global Markets by 10.9% in the second quarter. Dimensional Fund Advisors LP now owns 566,657 shares of the company’s stock valued at $96,367,000 after buying an additional 55,876 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Cboe Global Markets by 19.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 526,423 shares of the company’s stock worth $93,998,000 after acquiring an additional 85,433 shares during the period. Finally, TD Asset Management Inc increased its holdings in shares of Cboe Global Markets by 36.2% during the 2nd quarter. TD Asset Management Inc now owns 499,995 shares of the company’s stock worth $85,029,000 after acquiring an additional 132,833 shares during the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the sale, the chief financial officer now directly owns 8,844 shares in the company, valued at $1,886,690.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the business’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 completion of the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Christopher A. Isaacson sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $204.89, for a total transaction of $1,229,340.00. Following the completion of the sale, the chief operating officer now owns 39,855 shares in the company, valued at $8,165,890.95. The disclosure for this sale can be found here. Insiders have sold 18,261 shares of company stock valued at $3,604,822 over the last three months. 0.51% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on CBOE. Barclays lifted their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research report on Monday, August 5th. Piper Sandler reiterated an “overweight” rating and issued a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Oppenheimer increased their price target on shares of Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft boosted their price objective on Cboe Global Markets from $186.00 to $205.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. Finally, JPMorgan Chase & Co. upgraded Cboe Global Markets from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $168.00 to $195.00 in a research note on Monday, August 5th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $199.64.

Cboe Global Markets Stock Performance

BATS:CBOE opened at $208.21 on Monday. The company has a market cap of $22.08 billion, a price-to-earnings ratio of 107.33 and a beta of 0.61. Cboe Global Markets, Inc. has a fifty-two week low of $103.82 and a fifty-two week high of $139.00. 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 stock has a fifty day moving average price of $200.35 and a 200-day moving average price of $185.64.

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

Cboe Global Markets declared that its Board of Directors has initiated a stock repurchase program on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to purchase up to 2.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Cboe Global Markets Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.21%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, August 30th. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

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.