Forsta AP Fonden Has $11.11 Million Position in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Key Points

• Forsta AP Fonden increased its position in Cboe Global Markets by 2.3%, holding 49,100 shares worth $11,111,000 as of the latest SEC filing.
• Several institutional investors, including T. Rowe Price and FMR LLC, have also raised their stakes in Cboe Global Markets, collectively owning 82.67% of the company's stock.
• Cboe Global Markets recently reported earnings of $2.46 per share, exceeding estimates, and projected an 8.96 EPS for the current fiscal year.

Forsta AP Fonden lifted its holdings in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 2.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,100 shares of the company's stock after acquiring an additional 1,100 shares during the quarter. Forsta AP Fonden's holdings in Cboe Global Markets were worth $11,111,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CBOE. Brighton Jones LLC raised its stake in shares of Cboe Global Markets by 10.1% in the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after purchasing an additional 100 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Cboe Global Markets by 11.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 203,703 shares of the company's stock valued at $39,804,000 after purchasing an additional 21,161 shares in the last quarter. FMR LLC raised its stake in shares of Cboe Global Markets by 2.5% in the 4th quarter. FMR LLC now owns 1,571,980 shares of the company's stock valued at $307,165,000 after purchasing an additional 38,587 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Cboe Global Markets by 1.3% in the 4th quarter. Bank of Montreal Can now owns 212,443 shares of the company's stock valued at $41,511,000 after purchasing an additional 2,640 shares in the last quarter. Finally, FIL Ltd raised its stake in shares of Cboe Global Markets by 22.9% in the 4th quarter. FIL Ltd now owns 35,383 shares of the company's stock valued at $6,914,000 after purchasing an additional 6,599 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company's stock.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock traded down $2.32 during trading on Wednesday, hitting $246.20. 286,568 shares of the company's stock traded hands, compared to its average volume of 873,245. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm's fifty day moving average price is $234.93 and its 200 day moving average price is $222.71. Cboe Global Markets, Inc. has a twelve month low of $187.30 and a twelve month high of $255.27. The company has a market cap of $25.75 billion, a PE ratio of 34.10, a PEG ratio of 1.75 and a beta of 0.46.

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 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%. The business's revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.15 EPS. Analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

CBOE has been the subject of a number of recent research reports. Oppenheimer set a $265.00 price objective on shares of Cboe Global Markets and gave the company an "outperform" rating in a research report on Monday, August 4th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Citigroup raised their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 8th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Piper Sandler upped their price target on shares of Cboe Global Markets from $250.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, August 4th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $231.38.

Insider Buying and Selling at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the completion of the transaction, the executive vice president directly owned 2,183 shares of the company's stock, valued at approximately $494,624.14. The trade was a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company's stock.

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.