Forum Financial Management LP trimmed its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE – Free Report) by 70.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,465 shares of the company’s stock after selling 39,997 shares during the quarter. Forum Financial Management LP’s holdings in Cboe Global Markets were worth $3,840,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Missouri Trust & Investment Co bought a new stake in Cboe Global Markets during the second quarter valued at about $26,000. Clearstead Trust LLC bought a new stake in shares of Cboe Global Markets in the first quarter valued at about $26,000. Hughes Financial Services LLC bought a new stake in shares of Cboe Global Markets in the first quarter valued at about $29,000. Cornerstone Planning Group LLC lifted its stake in Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company’s stock worth $30,000 after purchasing an additional 139 shares during the period. Finally, Ameritas Advisory Services LLC bought a new position in Cboe Global Markets during the second quarter worth about $46,000. 82.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several analysts have recently weighed in on CBOE shares. Barclays raised their price objective on shares of Cboe Global Markets from $256.00 to $264.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the company an “outperform” rating in a research note on Monday, August 4th. Loop Capital set a $264.00 target price on Cboe Global Markets in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $254.00 target price on shares of Cboe Global Markets in a report on Monday, August 4th. Finally, Piper Sandler set a $270.00 target price on Cboe Global Markets and gave the stock an “overweight” rating in a report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $235.46.
Cboe Global Markets Trading Up 1.7%
Shares of NASDAQ:CBOE opened at $237.35 on Thursday. Cboe Global Markets, Inc. has a 52-week low of $187.30 and a 52-week high of $255.27. The company has a market capitalization of $24.82 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. The company has a 50-day simple moving average of $239.58 and a 200 day simple moving average of $232.28. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.03. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period in the prior year, the company posted $2.15 earnings per share. Cboe Global Markets’s revenue for the quarter was up 14.3% on a year-over-year basis. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.
Cboe Global Markets Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a $0.72 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $2.88 annualized dividend and a yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.63. Cboe Global Markets’s payout ratio is currently 33.76%.
About Cboe Global Markets
Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.
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