Cboe Global Markets (NASDAQ:CBOE) Director Sells $428,040.00 in Stock

Cboe Global Markets, Inc. (NASDAQ:CBOE) Director Alexander Matturri, Jr. sold 1,500 shares of the stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director directly owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. The trade was a 23.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Cboe Global Markets Stock Up 0.9%

CBOE opened at $288.68 on Monday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The company has a market capitalization 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 stock’s fifty day moving average is $264.96 and its 200-day moving average is $252.08. Cboe Global Markets, Inc. has a one year low of $200.88 and a one year high of $288.68.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $2.10 EPS. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. On average, equities analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on CBOE. Morgan Stanley lifted their price target 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. Barclays raised their price objective on Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a research note on Monday, February 9th. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Piper Sandler upped their target price on Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $303.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $279.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CBOE. Sunbelt Securities Inc. raised its position in Cboe Global Markets by 18.6% during the fourth quarter. Sunbelt Securities Inc. now owns 912 shares of the company’s stock valued at $229,000 after buying an additional 143 shares during the period. Compound Planning Inc. grew its stake in Cboe Global Markets by 40.6% during the 4th quarter. Compound Planning Inc. now owns 2,678 shares of the company’s stock valued at $672,000 after acquiring an additional 773 shares in the last quarter. Invesco Ltd. increased its holdings in shares of Cboe Global Markets by 5.8% in the 4th quarter. Invesco Ltd. now owns 1,931,272 shares of the company’s stock valued at $484,749,000 after purchasing an additional 105,168 shares during the period. Corient Private Wealth LLC lifted its position in shares of Cboe Global Markets by 10.4% in the fourth quarter. Corient Private Wealth LLC now owns 88,384 shares of the company’s stock worth $20,661,000 after purchasing an additional 8,343 shares in the last quarter. Finally, Alberta Investment Management Corp acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth approximately $4,920,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

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.