Fortem Financial Group LLC Decreases Holdings in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Fortem Financial Group LLC reduced its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 17.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,025 shares of the company's stock after selling 1,094 shares during the quarter. Fortem Financial Group LLC's holdings in Cboe Global Markets were worth $1,137,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of Cboe Global Markets during the first quarter valued at about $27,000. Lee Danner & Bass Inc. bought a new position in shares of Cboe Global Markets during the fourth quarter valued at about $29,000. Greenline Partners LLC bought a new position in shares of Cboe Global Markets during the fourth quarter valued at about $29,000. Cornerstone Planning Group LLC grew its stake in shares of Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after buying an additional 139 shares during the last quarter. Finally, Generali Asset Management SPA SGR bought a new position in shares of Cboe Global Markets during the fourth quarter valued at about $37,000. 82.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Loop Capital set a $227.00 target price on Cboe Global Markets in a research note on Monday, May 5th. Barclays cut their target price on Cboe Global Markets from $245.00 to $243.00 and set an "equal weight" rating on the stock in a research note on Thursday. Morgan Stanley cut Cboe Global Markets from an "overweight" rating to an "underweight" rating and cut their target price for the stock from $256.00 to $215.00 in a research note on Wednesday, May 14th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Finally, UBS Group lifted their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $221.58.

Cboe Global Markets Stock Up 0.2%

NASDAQ CBOE traded up $0.58 during mid-day trading on Friday, reaching $235.01. The stock had a trading volume of 669,308 shares, compared to its average volume of 854,045. Cboe Global Markets, Inc. has a 1 year low of $169.09 and a 1 year high of $237.27. The stock has a market cap of $24.61 billion, a PE ratio of 32.55, a price-to-earnings-growth ratio of 1.75 and a beta of 0.43. The company has a fifty day moving average price of $227.73 and a 200 day moving average price of $215.16. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping analysts' consensus estimates of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the company posted $2.15 earnings per share. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. On average, research analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 30th were issued a $0.63 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.07%. Cboe Global Markets's payout ratio is currently 33.03%.

Insiders Place Their Bets

In related news, EVP Catherine R. Clay sold 3,598 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $494,624.14. The trade was a 62.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.22% of the stock is currently owned by insiders.

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.