Lansforsakringar Fondforvaltning AB publ Increases Holdings in Cboe Global Markets, Inc. $CBOE

Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 7.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 38,498 shares of the company’s stock after buying an additional 2,826 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Cboe Global Markets were worth $10,821,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Sound Income Strategies LLC raised its holdings in shares of Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock worth $25,000 after acquiring an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $26,000. Headlands Technologies LLC acquired a new stake in Cboe Global Markets during the second quarter worth about $31,000. Elyxium Wealth LLC acquired a new stake in Cboe Global Markets during the fourth quarter worth about $33,000. Finally, DV Equities LLC purchased a new position in Cboe Global Markets during the fourth quarter worth about $37,000. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Price Performance

Shares of CBOE opened at $247.72 on Thursday. The firm has a 50-day simple moving average of $305.85 and a two-hundred day simple moving average of $287.10. The stock has a market cap of $26.27 billion, a PE ratio of 127.69 and a beta of 0.61. Cboe Global Markets, Inc. has a 1-year low of $227.15 and a 1-year high of $371.18. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.37 by $0.33. The firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business’s revenue for the quarter was up 29.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.50 EPS. As a group, analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Friday, May 29th were given a $0.72 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s payout ratio is presently 98.97%.

Analysts Set New Price Targets

Several research firms have weighed in on CBOE. Barclays boosted their target price on shares of Cboe Global Markets from $351.00 to $382.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Piper Sandler raised their price target on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Erste Group Bank lowered shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. UBS Group upped their price objective on Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Morgan Stanley increased their price objective on Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $310.70.

Insider Buying and Selling

In other news, Director Janet P. Froetscher sold 1,223 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director directly owned 13,807 shares in the company, valued at $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

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.