Retirement Planning Co of New England Inc. Makes New $300,000 Investment in Cboe Global Markets, Inc. (NASDAQ:CBOE)

Retirement Planning Co of New England Inc. bought a new position in Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 1,325 shares of the company's stock, valued at approximately $300,000.

Several other institutional investors also recently modified their holdings of CBOE. NBC Securities Inc. purchased a new stake in Cboe Global Markets during the first quarter worth about $27,000. Hughes Financial Services LLC bought a new stake in shares of Cboe Global Markets in the 1st quarter worth approximately $29,000. Cornerstone Planning Group LLC lifted its stake in Cboe Global Markets by 4,633.3% in the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock valued at $30,000 after purchasing an additional 139 shares during the last quarter. Greenline Partners LLC bought a new position in Cboe Global Markets during the fourth quarter valued at $29,000. Finally, Lee Danner & Bass Inc. purchased a new stake in Cboe Global Markets in the fourth quarter worth $29,000. 82.67% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total transaction of $815,234.84. Following the completion of the sale, the executive vice president directly owned 2,183 shares in the company, valued at $494,624.14. This represents a 62.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.22% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. UBS Group increased their price target on Cboe Global Markets from $235.00 to $245.00 and gave the stock a "neutral" rating in a research note on Monday, May 5th. Bank of America reissued a "neutral" rating and issued a $227.00 price target (down previously from $260.00) on shares of Cboe Global Markets in a research report on Thursday, April 10th. Morgan Stanley set a $218.00 price objective on shares of Cboe Global Markets and gave the stock an "underweight" rating in a report on Tuesday. Piper Sandler boosted their target price on shares of Cboe Global Markets from $245.00 to $250.00 and gave the company an "overweight" rating in a report on Tuesday. Finally, Oppenheimer raised their price target on Cboe Global Markets from $249.00 to $253.00 and gave the stock an "outperform" rating in a report on Tuesday. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $222.58.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $237.84 on Friday. The firm has a market capitalization of $24.90 billion, a PE ratio of 32.94, a price-to-earnings-growth 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 12 month low of $179.80 and a 12 month high of $239.25. The business's 50-day moving average price is $228.07 and its 200-day moving average price is $216.27.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The company reported $2.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter last year, the business earned $2.15 earnings per share. The company's revenue for the quarter was up 12.6% on a year-over-year basis. Sell-side analysts forecast that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, May 30th. Cboe Global Markets's dividend payout ratio (DPR) is presently 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.

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