Forge First Asset Management Inc. Acquires Shares of 43,303 Cboe Global Markets, Inc. (NASDAQ:CBOE)

Forge First Asset Management Inc. acquired a new stake in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 43,303 shares of the company's stock, valued at approximately $8,461,000. Cboe Global Markets comprises approximately 3.0% of Forge First Asset Management Inc.'s portfolio, making the stock its 13th biggest position.

Several other hedge funds also recently bought and sold shares of the business. New York Life Investment Management LLC grew its position in Cboe Global Markets by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 15,531 shares of the company's stock valued at $3,035,000 after acquiring an additional 48 shares during the last quarter. Exencial Wealth Advisors LLC grew its position in Cboe Global Markets by 1.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company's stock valued at $893,000 after acquiring an additional 50 shares during the last quarter. Inspire Advisors LLC grew its position in Cboe Global Markets by 1.6% in the 4th quarter. Inspire Advisors LLC now owns 3,127 shares of the company's stock valued at $611,000 after acquiring an additional 50 shares during the last quarter. Pinnacle Financial Partners Inc grew its position in shares of Cboe Global Markets by 5.2% during the 4th quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company's stock worth $234,000 after buying an additional 59 shares in the last quarter. Finally, One Wealth Advisors LLC grew its position in shares of Cboe Global Markets by 5.7% during the 4th quarter. One Wealth Advisors LLC now owns 1,109 shares of the company's stock worth $217,000 after buying an additional 60 shares in the last quarter. Institutional investors own 82.67% of the company's stock.

Cboe Global Markets Stock Down 3.5 %

Shares of Cboe Global Markets stock opened at $211.31 on Wednesday. The business's fifty day simple moving average is $203.50. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The stock has a market cap of $22.12 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 1.75 and a beta of 0.67. Cboe Global Markets, Inc. has a fifty-two week low of $166.13 and a fifty-two week high of $221.66.

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Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts' consensus estimates of $2.14 by ($0.04). 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 earned $2.06 earnings per share. Equities research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date of this dividend is Friday, February 28th. Cboe Global Markets's dividend payout ratio (DPR) is 34.90%.

Insider Activity at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares of the company's stock, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of Cboe Global Markets stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares in the company, valued at $417,872.31. The trade was a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,544 shares of company stock worth $2,380,529. Company insiders own 0.22% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on CBOE. Keefe, Bruyette & Woods dropped their price target on Cboe Global Markets from $220.00 to $215.00 and set a "market perform" rating on the stock in a research report on Monday, January 13th. StockNews.com raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research report on Tuesday, March 4th. William Blair began coverage on Cboe Global Markets in a research report on Thursday, January 9th. They set a "market perform" rating on the stock. JPMorgan Chase & Co. reissued an "underweight" rating and set a $174.00 price target (down previously from $203.00) on shares of Cboe Global Markets in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group decreased their price objective on Cboe Global Markets from $212.00 to $190.00 and set a "hold" rating for the company in a research note on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $206.86.

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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