Nordea Investment Management AB Raises Stock Position in Cboe Global Markets, Inc. $CBOE

Nordea Investment Management AB boosted its stake in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 709,997 shares of the company’s stock after purchasing an additional 23,358 shares during the period. Nordea Investment Management AB owned approximately 0.68% of Cboe Global Markets worth $174,304,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CBOE. IHT Wealth Management LLC grew its holdings in shares of Cboe Global Markets by 4.5% in the second quarter. IHT Wealth Management LLC now owns 1,021 shares of the company’s stock worth $238,000 after acquiring an additional 44 shares during the period. Apollon Wealth Management LLC lifted its holdings in Cboe Global Markets by 3.7% in the second quarter. Apollon Wealth Management LLC now owns 1,262 shares of the company’s stock valued at $294,000 after acquiring an additional 45 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in Cboe Global Markets by 3.2% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 1,498 shares of the company’s stock worth $349,000 after purchasing an additional 46 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Cboe Global Markets by 9.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 554 shares of the company’s stock worth $129,000 after purchasing an additional 49 shares during the last quarter. Finally, Brown Advisory Inc. grew its stake in shares of Cboe Global Markets by 3.9% during the 2nd quarter. Brown Advisory Inc. now owns 1,499 shares of the company’s stock valued at $350,000 after purchasing an additional 56 shares during the period. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CBOE shares. Piper Sandler reiterated an “overweight” rating and issued a $290.00 price objective on shares of Cboe Global Markets in a research note on Monday, November 3rd. Loop Capital set a $295.00 target price on shares of Cboe Global Markets in a report on Thursday, January 8th. UBS Group increased their price target on shares of Cboe Global Markets from $265.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Cboe Global Markets from $257.00 to $269.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Finally, Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $268.00.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $266.77 on Wednesday. Cboe Global Markets, Inc. has a 12 month low of $187.30 and a 12 month high of $266.77. The stock has a market cap of $27.92 billion, a price-to-earnings ratio of 36.95, a PEG ratio of 1.75 and a beta of 0.36. The company’s 50 day moving average is $254.85 and its two-hundred day moving average is $245.20. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings results on Friday, October 31st. The company reported $2.67 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company’s revenue for the quarter was up 13.8% on a year-over-year basis. During the same period last year, the company earned $2.22 earnings per share. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.72 dividend. This represents a yield of 112.0%. The ex-dividend date was Friday, November 28th. Cboe Global Markets’s dividend payout ratio is presently 30.93%.

Cboe Global Markets Profile

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.