XY Planning Network Inc. Takes $1.11 Million Position in Cboe Global Markets, Inc. $CBOE

Key Points

• XY Planning Network Inc. acquired a new stake in Cboe Global Markets, investing approximately $1.11 million for 4,740 shares in the second quarter.
• Several institutional investors significantly increased their positions in Cboe, with Alliancebernstein L.P. boosting its shares by 23.1% and GAMMA Investing LLC by an astounding 29,094.5% during the first quarter.
• Cboe Global Markets reported a 14.3% increase in quarterly revenue year-over-year and increased its dividend from $0.63 to $0.72 per share.

XY Planning Network Inc. bought a new stake in shares of Cboe Global Markets, Inc. (NASDAQ:CBOE - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,740 shares of the company's stock, valued at approximately $1,105,000.

Several other institutional investors also recently made changes to their positions in CBOE. Alliancebernstein L.P. boosted its position in shares of Cboe Global Markets by 23.1% during the first quarter. Alliancebernstein L.P. now owns 9,464,537 shares of the company's stock worth $2,141,730,000 after buying an additional 1,779,048 shares during the period. GAMMA Investing LLC boosted its position in shares of Cboe Global Markets by 29,094.5% during the first quarter. GAMMA Investing LLC now owns 1,216,535 shares of the company's stock worth $275,290,000 after buying an additional 1,212,368 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Cboe Global Markets by 400.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,067,566 shares of the company's stock worth $241,580,000 after buying an additional 854,325 shares during the period. Nuveen LLC acquired a new position in shares of Cboe Global Markets during the first quarter worth approximately $74,789,000. Finally, Perpetual Ltd acquired a new stake in Cboe Global Markets in the first quarter worth approximately $66,981,000. 82.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup upped their target price on Cboe Global Markets from $230.00 to $245.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 8th. Royal Bank Of Canada restated a "sector perform" rating and issued a $254.00 target price on shares of Cboe Global Markets in a research report on Monday, August 4th. Piper Sandler upped their target price on Cboe Global Markets from $250.00 to $265.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Barclays upped their target price on 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. Finally, Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $243.00 to $248.00 and gave the company a "market perform" rating in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $231.38.

Cboe Global Markets Price Performance

NASDAQ CBOE opened at $243.52 on Friday. The business's fifty day moving average is $241.45 and its two-hundred day moving average is $229.69. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. Cboe Global Markets, Inc. has a 1 year low of $187.30 and a 1 year high of $255.27. The stock has a market capitalization of $25.47 billion, a P/E ratio of 33.73, a P/E/G ratio of 1.75 and a beta of 0.46.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly 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 period in the prior year, the firm earned $2.15 EPS. Cboe Global Markets's revenue for the quarter was up 14.3% on a year-over-year basis. On average, research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.72 dividend. This is a boost from Cboe Global Markets's previous quarterly dividend of $0.63. This represents a $2.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, August 29th. Cboe Global Markets's dividend payout ratio is currently 33.76%.

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.

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