Edward Fitzpatrick Sells 3,947 Shares of Cboe Global Markets (NASDAQ:CBOE) Stock

Cboe Global Markets, Inc. (NASDAQ:CBOE) Director Edward Fitzpatrick sold 3,947 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total transaction of $1,128,328.89. Following the completion of the transaction, the director directly owned 12,921 shares in the company, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Cboe Global Markets Stock Up 0.9%

Shares of NASDAQ CBOE opened at $288.68 on Friday. The stock has a market cap of $30.21 billion, a PE ratio of 39.98, a P/E/G ratio of 1.75 and a beta of 0.36. 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 $200.88 and a 12-month high of $288.68. The company has a 50-day moving average of $264.96 and a 200 day moving average of $252.06.

Cboe Global Markets (NASDAQ:CBOE) last issued its earnings results on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, topping the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.During the same quarter in the previous year, the company posted $2.10 EPS. The company’s revenue was up 28.0% on a year-over-year basis. As a group, sell-side analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.72 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 112.0%. Cboe Global Markets’s dividend payout ratio (DPR) is 27.64%.

Analyst Ratings Changes

Several research firms recently issued reports on CBOE. Morgan Stanley raised their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research report on Monday, December 22nd. UBS Group restated a “neutral” rating and set a $290.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th. Piper Sandler increased their target price on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Finally, TD Cowen reissued a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $279.00.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth about $354,578,000. First Trust Advisors LP grew its stake in Cboe Global Markets by 215.2% during the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after buying an additional 991,209 shares during the last quarter. Balyasny Asset Management L.P. increased its position in Cboe Global Markets by 1,340.0% during the third quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock worth $183,854,000 after buying an additional 697,600 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Cboe Global Markets by 2,425.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after buying an additional 635,199 shares during the last quarter. Finally, Marshall Wace LLP acquired a new stake in shares of Cboe Global Markets in the third quarter valued at approximately $107,052,000. 82.67% of the stock is owned by hedge funds and other institutional investors.

About Cboe Global Markets

Cboe Global Markets (NASDAQ: CBOE) is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.