Forum Financial Management LP Reduces Position in Cboe Global Markets, Inc. $CBOE

Forum Financial Management LP decreased its stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) by 70.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,465 shares of the company's stock after selling 39,997 shares during the period. Forum Financial Management LP's holdings in Cboe Global Markets were worth $3,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. OneDigital Investment Advisors LLC purchased a new stake in shares of Cboe Global Markets in the first quarter valued at $265,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Cboe Global Markets in the first quarter valued at $277,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Cboe Global Markets by 31.9% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 29,561 shares of the company's stock valued at $6,689,000 after acquiring an additional 7,146 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in Cboe Global Markets in the first quarter valued at $3,463,000. Finally, Bank of New York Mellon Corp boosted its holdings in Cboe Global Markets by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 584,286 shares of the company's stock valued at $132,218,000 after acquiring an additional 18,619 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Performance

CBOE opened at $237.35 on Thursday. Cboe Global Markets, Inc. has a 1-year low of $187.30 and a 1-year high of $255.27. The business has a 50 day moving average price of $239.58 and a two-hundred day moving average price of $232.28. The company has a market capitalization of $24.82 billion, a price-to-earnings ratio of 32.87, a price-to-earnings-growth ratio of 1.75 and a beta of 0.44. 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, August 1st. The company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.43 by $0.03. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the prior year, the firm posted $2.15 earnings per share. Cboe Global Markets's revenue was up 14.3% compared to the same quarter last year. Research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.72 per share. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 annualized dividend and a yield of 1.2%. Cboe Global Markets's dividend payout ratio (DPR) is currently 33.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CBOE shares. UBS Group restated a "neutral" rating and set a $255.00 price objective (up previously from $245.00) on shares of Cboe Global Markets in a research note on Monday, August 4th. Oppenheimer set a $265.00 price target on Cboe Global Markets and gave the stock an "outperform" rating in a research note on Monday, August 4th. Citigroup boosted their price objective on Cboe Global Markets from $230.00 to $245.00 and gave the company a "neutral" rating in a report on Tuesday, July 8th. Loop Capital set a $264.00 price objective on Cboe Global Markets in a report on Wednesday, October 8th. Finally, Piper Sandler set a $270.00 price objective on Cboe Global Markets and gave the company an "overweight" rating in a report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $235.46.

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.

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