Plan A Wealth LLC Purchases 4,496 Shares of Cboe Global Markets, Inc. $CBOE

Plan A Wealth LLC boosted its position in Cboe Global Markets, Inc. (BATS:CBOE) by 153.2% during the third quarter, HoldingsChannel.com reports. The fund owned 7,431 shares of the company’s stock after buying an additional 4,496 shares during the quarter. Cboe Global Markets makes up 0.7% of Plan A Wealth LLC’s 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 (SEC).

Several other institutional investors have also 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 valued at $25,000. Keating Financial Advisory Services Inc. bought a new stake in shares of Cboe Global Markets during the 2nd quarter worth $26,000. NFSG Corp bought a new stake in shares of 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 valued at about $27,000. Finally, Rosenberg Matthew Hamilton boosted its stake in Cboe Global Markets by 11,300.0% in the third quarter. Rosenberg Matthew Hamilton now owns 114 shares of the company’s stock valued at $31,000 after buying an additional 113 shares in the last quarter. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on CBOE. Wells Fargo & Company began coverage on Cboe Global Markets in a research report on Friday, October 2nd. They issued an “equal weight” rating and a $301.00 target price on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. Morgan Stanley reissued an “underweight” rating and set a $258.00 price objective on shares of Cboe Global Markets in a report on Friday, July 10th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 8th. Finally, Barclays dropped their target price on Cboe Global Markets from $354.00 to $343.00 and set an “overweight” rating for the company in a research report on Wednesday. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $311.36.

Insiders Place Their Bets

In other Cboe Global Markets news, Director Janet Froetscher sold 937 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total transaction of $261,376.15. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.51% of the company’s stock.

Cboe Global Markets Trading Up 4.4%

Shares of BATS:CBOE traded up $12.31 during midday trading on Thursday, reaching $293.88. The company’s stock had a trading volume of 748,327 shares, compared to its average volume of 1,118,343. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a 50 day moving average price of $286.82 and a two-hundred day moving average price of $292.36. The firm has a market capitalization of $31.17 billion, a price-to-earnings ratio of 151.57 and a beta of 0.61.

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

Cboe Global Markets Increases Dividend

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

Cboe Global Markets Company 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.