Lansforsakringar Fondforvaltning AB publ Has $8.78 Million Stake in Cboe Global Markets, Inc. $CBOE

Lansforsakringar Fondforvaltning AB publ raised its holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 35,783 shares of the company’s stock after buying an additional 3,547 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Cboe Global Markets were worth $8,776,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CBOE. Vanguard Group Inc. increased its position in shares of Cboe Global Markets by 1.5% in the second quarter. Vanguard Group Inc. now owns 12,833,038 shares of the company’s stock valued at $2,992,793,000 after acquiring an additional 195,086 shares during the last quarter. Alliancebernstein L.P. grew its stake in Cboe Global Markets by 4.1% in the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after purchasing an additional 390,034 shares in the last quarter. State Street Corp increased its position in shares of Cboe Global Markets by 1.7% during the 2nd quarter. State Street Corp now owns 4,895,467 shares of the company’s stock worth $1,141,672,000 after purchasing an additional 81,432 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Cboe Global Markets by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 2,855,971 shares of the company’s stock worth $664,186,000 after purchasing an additional 51,873 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Cboe Global Markets by 27.3% in the 2nd quarter. Invesco Ltd. now owns 1,728,015 shares of the company’s stock valued at $402,990,000 after buying an additional 370,223 shares during the last quarter. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CBOE. TD Cowen restated a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Citigroup upped their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Morgan Stanley boosted their price target on Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. Finally, Piper Sandler upped their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $279.00.

Cboe Global Markets Price Performance

Shares of NASDAQ CBOE opened at $290.11 on Tuesday. The firm has a market cap of $30.36 billion, a P/E ratio of 40.18, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The business’s 50 day moving average is $265.83 and its 200-day moving average is $252.37. 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, Inc. has a 1-year low of $200.88 and a 1-year high of $293.58.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings data on Friday, February 6th. The company reported $3.06 EPS for the quarter, beating analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same period last year, the business posted $2.10 EPS. The company’s revenue was up 28.0% on a year-over-year basis. Equities research analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.72 dividend. The ex-dividend date was Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets’s payout ratio is 27.64%.

Insider Transactions at Cboe Global Markets

In other Cboe Global Markets news, Director Alexander Matturri, Jr. sold 1,500 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the sale, the director owned 4,761 shares of the company’s stock, valued at $1,358,598.96. The trade was a 23.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Edward J. Fitzpatrick sold 3,947 shares of the stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the transaction, the director owned 12,921 shares in the company, valued at approximately $3,693,726.27. The trade was a 23.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.22% of the company’s stock.

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.