Retirement Planning Co of New England Inc. Purchases New Shares in Cboe Global Markets, Inc. $CBOE

Key Points

• Retirement Planning Co of New England Inc. has acquired 1,325 shares of Cboe Global Markets, Inc. worth approximately $300,000, as reported in their Form 13F filing with the SEC.
• Several institutional investors significantly increased their stakes in Cboe Global Markets during the first quarter, with GAMMA Investing LLC raising its stake by an enormous 29,094.5%.
• Cboe Global Markets announced a quarterly dividend of $0.72, an increase from the previous quarterly amount of $0.63, leading to an annualized dividend yield of 1.2%.

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

Several other large investors also recently added to or reduced their stakes in CBOE. Brighton Jones LLC grew its position in Cboe Global Markets by 10.1% during the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after buying an additional 100 shares during the period. AXA S.A. boosted its position in shares of Cboe Global Markets by 38.8% in the fourth quarter. AXA S.A. now owns 78,778 shares of the company's stock worth $15,393,000 after purchasing an additional 22,031 shares during the period. Benjamin Edwards Inc. boosted its position in shares of Cboe Global Markets by 14.6% in the fourth quarter. Benjamin Edwards Inc. now owns 34,703 shares of the company's stock worth $6,782,000 after purchasing an additional 4,426 shares during the period. Bank of America Corp DE boosted its position in shares of Cboe Global Markets by 1.8% in the fourth quarter. Bank of America Corp DE now owns 460,214 shares of the company's stock worth $89,926,000 after purchasing an additional 7,986 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in shares of Cboe Global Markets by 108.3% in the fourth quarter. Balyasny Asset Management L.P. now owns 17,901 shares of the company's stock worth $3,498,000 after purchasing an additional 234,199 shares during the period. 82.67% of the stock is currently owned by institutional investors.

Cboe Global Markets Price Performance

Shares of NASDAQ:CBOE traded up $3.53 during midday trading on Wednesday, reaching $235.41. 976,271 shares of the company were exchanged, compared to its average volume of 883,425. The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The business's fifty day moving average is $240.43 and its two-hundred day moving average is $226.50. Cboe Global Markets, Inc. has a one year low of $187.30 and a one year high of $255.27. The stock has a market cap of $24.62 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, August 1st. The company reported $2.46 earnings per share for the quarter, topping analysts' consensus estimates of $2.43 by $0.03. 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 14.3% compared to the same quarter last year. As a group, analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.72 per share. This is a positive change from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 29th. Cboe Global Markets's dividend payout ratio (DPR) is currently 33.76%.

Analysts Set New Price Targets

A number of research firms have weighed in on CBOE. Citigroup upped their price target on shares of Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. UBS Group reiterated a "neutral" rating and issued a $255.00 price target (up from $245.00) on shares of Cboe Global Markets in a research report on Monday, August 4th. Barclays upped their price target on shares of Cboe Global Markets from $243.00 to $256.00 and gave the stock an "equal weight" rating in a research report on Monday, August 4th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $254.00 price target on shares of Cboe Global Markets in a research report on Monday, August 4th. Finally, Morgan Stanley set a $218.00 price target on shares of Cboe Global Markets and gave the stock an "underweight" rating in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $231.38.

About Cboe Global Markets

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.