Plan A Wealth LLC Grows Stock Position in Cboe Global Markets, Inc. $CBOE

Plan A Wealth LLC lifted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 153.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,431 shares of the company’s stock after purchasing an additional 4,496 shares during the period. Cboe Global Markets makes up about 0.7% of Plan A Wealth LLC’s investment portfolio, making the stock its 21st biggest position. Plan A Wealth LLC’s holdings in Cboe Global Markets were worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of CBOE. BlackRock Inc. bought a new stake in Cboe Global Markets during the 2nd quarter worth about $2,474,799,000. Deutsche Bank AG acquired a new stake in shares of Cboe Global Markets during the 2nd quarter worth approximately $491,465,000. Jupiter Topco LLC bought a new stake in shares of Cboe Global Markets during the second quarter worth approximately $304,917,000. Legal & General Group Plc bought a new stake in shares of Cboe Global Markets during the second quarter worth approximately $175,870,000. Finally, Bank of America Corp DE acquired a new position in Cboe Global Markets in the second quarter valued at approximately $162,794,000. 81.73% of the stock is currently owned by institutional investors.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE traded up $12.31 during trading on Thursday, reaching $293.88. 748,327 shares of the stock were exchanged, compared to its average volume of 1,118,343. Cboe Global Markets, Inc. has a 12 month low of $227.15 and a 12 month high of $371.18. The stock has a 50-day moving average price of $286.82 and a 200-day moving average price of $292.36. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a market cap of $31.17 billion, a PE ratio of 151.57 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.07. The business had revenue of $731.60 million during the quarter, compared to analysts’ expectations of $716.61 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm’s revenue for the quarter was up 24.6% compared to the same quarter last year. During the same period last year, the firm posted $2.46 EPS. Research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st were issued a $0.86 dividend. The ex-dividend date of this dividend was Monday, August 31st. This represents a $3.44 dividend on an annualized basis and a yield of 1.2%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s payout ratio is presently 98.97%.

Insider Buying and Selling at Cboe Global Markets

In related news, Director Janet Froetscher sold 937 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total transaction of $261,376.15. Following the sale, the director owned 12,870 shares of the company’s stock, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.51% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CBOE. Wells Fargo & Company started coverage on shares of Cboe Global Markets in a research note on Friday, October 2nd. They issued an “equal weight” rating and a $301.00 price objective on the stock. Morgan Stanley reissued an “underweight” rating and set a $258.00 target price on shares of Cboe Global Markets in a research note on Friday, July 10th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Barclays dropped their target price on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a report on Tuesday, July 28th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $311.36.

Cboe Global Markets Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.