Creative Planning Sells 401 Shares of Cboe Global Markets, Inc. (BATS:CBOE)

Creative Planning lowered its holdings in Cboe Global Markets, Inc. (BATS:CBOE) by 4.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,596 shares of the company’s stock after selling 401 shares during the period. Creative Planning’s holdings in Cboe Global Markets were worth $1,462,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. First Horizon Advisors Inc. boosted its stake in shares of Cboe Global Markets by 9.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 713 shares of the company’s stock worth $121,000 after buying an additional 63 shares during the last quarter. Marion Wealth Management boosted its position in Cboe Global Markets by 0.7% during the first quarter. Marion Wealth Management now owns 10,315 shares of the company’s stock valued at $1,895,000 after purchasing an additional 76 shares during the last quarter. Kendall Capital Management grew its stake in Cboe Global Markets by 0.9% in the second quarter. Kendall Capital Management now owns 9,410 shares of the company’s stock valued at $1,600,000 after purchasing an additional 80 shares in the last quarter. Motley Fool Asset Management LLC increased its position in shares of Cboe Global Markets by 4.3% during the 1st quarter. Motley Fool Asset Management LLC now owns 2,021 shares of the company’s stock worth $371,000 after purchasing an additional 83 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in shares of Cboe Global Markets by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 24,319 shares of the company’s stock worth $4,468,000 after purchasing an additional 84 shares in the last quarter. Institutional investors own 81.73% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. TD Cowen began coverage on shares of Cboe Global Markets in a research report on Thursday, September 26th. They issued a “hold” rating and a $205.00 price objective for the company. Barclays upped their target price on shares of Cboe Global Markets from $218.00 to $239.00 and gave the company an “overweight” rating in a report on Monday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $220.00 target price on shares of Cboe Global Markets in a research note on Friday, October 4th. Finally, Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $197.00 to $198.00 and gave the stock a “market perform” rating in a research report on Monday, August 5th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $207.25.

Cboe Global Markets Price Performance

Shares of BATS CBOE opened at $207.61 on Wednesday. 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 business’s 50 day moving average is $205.78 and its 200-day moving average is $187.47. Cboe Global Markets, Inc. has a 1-year low of $103.82 and a 1-year high of $139.00. The firm has a market cap of $22.02 billion, a P/E ratio of 107.02 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. 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 business posted $1.78 earnings per share. Cboe Global Markets’s quarterly revenue was up 10.0% on a year-over-year basis. Equities research analysts predict 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 declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.63 per share. The ex-dividend date was Friday, August 30th. This represents a $2.52 dividend on an annualized basis and a yield of 1.21%. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.55. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets announced that its board has authorized a share buyback plan on Friday, August 16th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Dave Howson sold 2,500 shares of Cboe Global Markets stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total value of $466,675.00. Following the transaction, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Cboe Global Markets news, CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total value of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares of the company’s stock, valued at $1,886,690.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dave Howson sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total value of $466,675.00. Following the completion of the transaction, the executive vice president now directly owns 15,073 shares of the company’s stock, valued at $2,813,676.91. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,261 shares of company stock worth $3,604,822. Company insiders own 0.51% of the company’s stock.

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.