Donoghue Forlines LLC Makes New $2.83 Million Investment in Cboe Global Markets, Inc. $CBOE

Donoghue Forlines LLC bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,124 shares of the company’s stock, valued at approximately $2,827,000.

A number of other hedge funds have also modified their holdings of the stock. Clearstead Trust LLC acquired a new stake in Cboe Global Markets during the first quarter valued at $26,000. Missouri Trust & Investment Co acquired a new position in Cboe Global Markets during the second quarter worth $26,000. Pandora Wealth Inc. bought a new position in shares of Cboe Global Markets in the 1st quarter valued at approximately $45,000. Ameritas Advisory Services LLC acquired a new stake in shares of Cboe Global Markets in the second quarter worth $46,000. Finally, Spire Wealth Management boosted its holdings in shares of Cboe Global Markets by 61.5% during the 2nd quarter. Spire Wealth Management now owns 239 shares of the company’s stock worth $56,000 after buying an additional 91 shares during the period. 82.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on CBOE. Citigroup upped their price target 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. Piper Sandler reissued an “overweight” rating and set a $290.00 price objective on shares of Cboe Global Markets in a research report on Monday, November 3rd. Oppenheimer set a $265.00 target price on Cboe Global Markets and gave the company an “outperform” rating in a research note on Monday, August 4th. UBS Group lifted their price target on Cboe Global Markets from $255.00 to $265.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Barclays upped their price target on Cboe Global Markets from $264.00 to $273.00 and gave the stock an “equal weight” rating in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $243.38.

Cboe Global Markets Stock Down 0.4%

CBOE stock opened at $259.95 on Friday. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $262.98. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The company has a market cap of $27.20 billion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 1.75 and a beta of 0.42. The business’s 50-day simple moving average is $241.51 and its 200 day simple moving average is $236.33.

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

Cboe Global Markets Profile

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.