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

Strategic Planning Group LLC lifted its stake in shares of Cboe Global Markets, Inc. (BATS:CBOE) by 6.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,787 shares of the company’s stock after purchasing an additional 4,094 shares during the period. Cboe Global Markets comprises about 1.9% of Strategic Planning Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Strategic Planning Group LLC owned about 0.06% of Cboe Global Markets worth $18,111,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CBOE. Jones Financial Companies Lllp bought a new position in shares of Cboe Global Markets in the 2nd quarter worth about $25,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Cboe Global Markets during the second quarter valued at approximately $26,000. NFSG Corp acquired a new position in Cboe Global Markets during the 1st quarter worth $31,000. Clearstead Trust LLC acquired a new stake in Cboe Global Markets in the second quarter worth about $27,000. Finally, Rosenberg Matthew Hamilton lifted its stake in shares of Cboe Global Markets by 11,300.0% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock worth $31,000 after acquiring an additional 113 shares during the period. 81.73% of the stock is currently owned by institutional investors.

Insider Transactions at Cboe Global Markets

In other news, Director Janet Froetscher sold 937 shares of the stock in a transaction 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 completion of the transaction, the director owned 12,870 shares in the company, valued at approximately $3,590,086.50. This represents a 6.79% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.51% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CBOE has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a report on Monday, August 3rd. TD Cowen raised their price objective on shares of Cboe Global Markets from $334.00 to $342.00 and gave the stock a “buy” rating in a research note on Monday, October 12th. Wells Fargo & Company raised their price objective on Cboe Global Markets from $301.00 to $309.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 14th. Zacks Research cut shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Finally, Loop Capital set a $343.00 price target on Cboe Global Markets in a research note on Wednesday, October 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $321.91.

Cboe Global Markets Stock Performance

CBOE opened at $327.72 on Friday. The stock’s 50 day moving average price is $290.30 and its two-hundred day moving average price is $294.32. The firm has a market capitalization of $34.76 billion, a P/E ratio of 168.93 and a beta of 0.61. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. Cboe Global Markets, Inc. has a 12-month low of $227.15 and a 12-month high of $371.18.

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

Cboe Global Markets announced that its Board of Directors has initiated a share repurchase program on Thursday, October 22nd that permits the company to repurchase $550.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be given a dividend of $0.86 per share. The ex-dividend date is Monday, November 30th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.0%. Cboe Global Markets’s payout ratio is currently 98.97%.

About Cboe Global Markets

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.