PDS Planning Inc Makes New Investment in Cboe Global Markets, Inc. (NASDAQ:CBOE)

PDS Planning Inc bought a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE) in the 1st quarter, Holdings Channel.com reports. The fund bought 1,496 shares of the company’s stock, valued at approximately $338,000.

Several other large investors also recently added to or reduced their stakes in the business. New York Life Investment Management LLC grew its position in Cboe Global Markets by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock worth $3,035,000 after acquiring an additional 48 shares in the last quarter. Summit Financial LLC grew its position in Cboe Global Markets by 0.4% in the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company’s stock worth $2,131,000 after acquiring an additional 48 shares in the last quarter. Ritholtz Wealth Management grew its position in Cboe Global Markets by 0.9% in the first quarter. Ritholtz Wealth Management now owns 5,592 shares of the company’s stock worth $1,265,000 after acquiring an additional 48 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in Cboe Global Markets by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock worth $893,000 after acquiring an additional 50 shares in the last quarter. Finally, Inspire Advisors LLC lifted its stake in shares of Cboe Global Markets by 1.6% in the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock worth $611,000 after buying an additional 50 shares during the last quarter. 82.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Loop Capital set a $227.00 target price on shares of Cboe Global Markets in a research note on Monday, May 5th. Barclays raised their price target on Cboe Global Markets from $232.00 to $245.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research note on Monday, May 5th. Wall Street Zen upgraded Cboe Global Markets from a “sell” rating to a “hold” rating in a research note on Tuesday, March 4th. Finally, Oppenheimer raised their target price on Cboe Global Markets from $237.00 to $249.00 and gave the company an “outperform” rating in a report on Monday, May 5th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Cboe Global Markets has an average rating of “Hold” and a consensus price target of $219.64.

Insider Activity at Cboe Global Markets

In other Cboe Global Markets news, EVP Catherine R. Clay sold 3,598 shares of the company’s stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $226.58, for a total value of $815,234.84. Following the sale, the executive vice president now directly owns 2,183 shares in the company, valued at $494,624.14. This represents a 62.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.22% of the stock is currently owned by insiders.

Cboe Global Markets Price Performance

Shares of NASDAQ:CBOE opened at $229.00 on Friday. The firm has a market capitalization of $23.98 billion, a PE ratio of 31.72, a PEG ratio of 1.75 and a beta of 0.43. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. Cboe Global Markets, Inc. has a 1-year low of $166.88 and a 1-year high of $236.02. The business’s 50 day moving average is $224.45 and its 200-day moving average is $212.69.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, May 2nd. The company reported $2.50 EPS for the quarter, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period in the previous year, the company earned $2.15 earnings per share. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $2.52 annualized dividend and a dividend yield of 1.10%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 33.03%.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.