Creative Planning Buys 6,831 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Creative Planning grew its stake in Cboe Global Markets, Inc. (BATS:CBOE) by 79.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,427 shares of the company’s stock after purchasing an additional 6,831 shares during the period. Creative Planning’s holdings in Cboe Global Markets were worth $3,161,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CBOE. FinTrust Capital Advisors LLC increased its holdings in Cboe Global Markets by 170.0% during the 1st quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after purchasing an additional 85 shares during the period. ORG Partners LLC purchased a new position in Cboe Global Markets during the 2nd quarter worth $30,000. Redmont Wealth Advisors LLC purchased a new position in Cboe Global Markets during the 1st quarter worth $42,000. Ashton Thomas Private Wealth LLC purchased a new position in Cboe Global Markets during the 2nd quarter worth $51,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in Cboe Global Markets by 59.1% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 331 shares of the company’s stock worth $56,000 after purchasing an additional 123 shares during the period. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Cboe Global Markets Stock Down 1.0 %

Cboe Global Markets stock opened at $212.82 on Friday. The business has a fifty day moving average price of $209.20 and a 200-day moving average price of $190.28. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $22.57 billion, a price-to-earnings ratio of 109.70 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings results on Friday, August 2nd. The company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company had revenue of $513.80 million during the quarter, compared to analysts’ expectations of $514.51 million. During the same quarter in the previous year, the firm posted $1.78 EPS. The firm’s revenue was up 10.0% compared to the same quarter last year. Equities research analysts forecast that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets declared that its Board of Directors has authorized a stock buyback plan on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to reacquire up to 2.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Cboe Global Markets Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 1.18%. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Insiders Place Their Bets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at approximately $879,579.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Cboe Global Markets news, EVP Catherine R. Clay sold 600 shares of Cboe Global Markets stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $203.23, for a total transaction of $121,938.00. Following the completion of the transaction, the executive vice president now owns 4,328 shares in the company, valued at approximately $879,579.44. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jill Griebenow sold 1,622 shares of Cboe Global Markets stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total value of $346,021.26. Following the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,369 shares of company stock valued at $2,687,925. 0.51% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CBOE has been the topic of several research reports. Piper Sandler raised their price objective on Cboe Global Markets from $210.00 to $220.00 and gave the stock an “overweight” rating in a report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price target on Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a report on Thursday, August 15th. Keefe, Bruyette & Woods lifted their price target on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 price target on shares of Cboe Global Markets in a report on Friday, October 4th. Finally, TD Cowen began coverage on Cboe Global Markets in a report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $208.75.

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.