Cboe Global Markets, Inc. $CBOE Stock Purchased by Strategic Planning Group LLC

Strategic Planning Group LLC lifted its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 6.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 65,787 shares of the company’s stock after buying an additional 4,094 shares during the quarter. Cboe Global Markets comprises 1.9% of Strategic Planning Group LLC’s portfolio, making the stock its 22nd biggest holding. Strategic Planning Group LLC’s holdings in Cboe Global Markets were worth $18,111,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CBOE. BlackRock Inc. bought a new stake in shares of Cboe Global Markets during the second quarter worth $2,474,799,000. Deutsche Bank AG acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at approximately $491,465,000. Jupiter Topco LLC acquired a new stake in Cboe Global Markets in the second quarter worth $304,917,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Cboe Global Markets by 5.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 987,606 shares of the company’s stock worth $239,662,000 after buying an additional 51,784 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Cboe Global Markets by 2.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 875,775 shares of the company’s stock worth $236,512,000 after purchasing an additional 17,321 shares during the period. Institutional investors own 81.73% of the company’s stock.

Insiders Place Their Bets

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

Cboe Global Markets Trading Up 2.8%

CBOE opened at $327.72 on Friday. The company has a 50-day simple moving average of $290.30 and a 200 day simple moving average of $294.32. Cboe Global Markets, Inc. has a twelve month low of $227.15 and a twelve month high of $371.18. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $34.76 billion, a price-to-earnings ratio of 168.93 and a beta of 0.61.

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

Cboe Global Markets announced that its board has approved a stock repurchase program on Thursday, October 22nd that allows the company to buy back $550.00 million in shares. This buyback authorization allows the company to buy up to 1.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Monday, November 30th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Analyst Ratings Changes

Several research firms recently commented on CBOE. JPMorgan Chase & Co. boosted their price objective on shares of Cboe Global Markets from $277.00 to $288.00 and gave the company an “underweight” rating in a research report on Tuesday, July 28th. Morgan Stanley upgraded Cboe Global Markets from an “underweight” rating to an “overweight” rating and upped their price objective for the stock from $258.00 to $358.00 in a research note on Friday, October 9th. Piper Sandler cut their target price on shares of Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating for the company in a research note on Wednesday, July 15th. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Barclays cut their price objective on shares of Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research report on Wednesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Cboe Global Markets presently has a consensus rating of “Hold” and an average target price of $321.91.

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.