Cboe Global Markets (NASDAQ:CBOE) Director Sells $1,128,328.89 in Stock

Cboe Global Markets, Inc. (NASDAQ:CBOE) Director Edward Fitzpatrick sold 3,947 shares of the stock in a transaction on 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 sale, the director directly owned 12,921 shares of the company’s stock, valued at $3,693,726.27. The trade was a 23.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Cboe Global Markets Stock Up 0.9%

Shares of Cboe Global Markets stock opened at $288.68 on Monday. Cboe Global Markets, Inc. has a twelve month low of $200.88 and a twelve month high of $288.68. The stock has a market cap of $30.21 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth 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. The company has a fifty day moving average price of $264.96 and a 200 day moving average price of $252.08.

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 period in the prior year, the business earned $2.10 earnings per share. Cboe Global Markets’s revenue for the quarter was up 28.0% compared to the same quarter last year. Equities research analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on CBOE shares. Piper Sandler upped their price target on shares of Cboe Global Markets from $290.00 to $295.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 30th. Citigroup raised their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. TD Cowen reaffirmed a “hold” rating on shares of Cboe Global Markets in a report on Wednesday, January 14th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $303.00 price target on shares of Cboe Global Markets in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $279.00.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in Cboe Global Markets by 10.1% during the 4th quarter. Brighton Jones LLC now owns 1,092 shares of the company’s stock valued at $213,000 after acquiring an additional 100 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Cboe Global Markets by 1,854.4% in the first quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company’s stock worth $951,000 after purchasing an additional 3,987 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Cboe Global Markets by 132.4% during the first quarter. Empowered Funds LLC now owns 4,803 shares of the company’s stock valued at $1,087,000 after purchasing an additional 2,736 shares during the period. Woodline Partners LP raised its stake in shares of Cboe Global Markets by 40.7% during the first quarter. Woodline Partners LP now owns 8,845 shares of the company’s stock valued at $2,002,000 after purchasing an additional 2,558 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Cboe Global Markets by 138.5% in the first quarter. Geneos Wealth Management Inc. now owns 341 shares of the company’s stock worth $77,000 after purchasing an additional 198 shares during the period. 82.67% of the stock is owned by 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.