Jill Griebenow Sells 1,622 Shares of Cboe Global Markets, Inc. (BATS:CBOE) Stock

Cboe Global Markets, Inc. (BATS:CBOE) CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares in the company, valued at approximately $1,886,690.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Cboe Global Markets Stock Up 0.4 %

Shares of Cboe Global Markets stock traded up $0.89 during trading hours on Friday, reaching $211.51. The company’s stock had a trading volume of 752,823 shares, compared to its average volume of 636,231. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The stock’s fifty day simple moving average is $191.41 and its two-hundred day simple moving average is $184.28. Cboe Global Markets, Inc. has a one year low of $103.82 and a one year high of $139.00. The company has a market capitalization of $22.43 billion, a P/E ratio of 108.55 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The company had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. During the same period last year, the firm earned $1.78 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. On average, research analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets announced that its board has initiated a share repurchase program on Friday, August 16th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to reacquire up to 2.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Cboe Global Markets Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.63 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date is Friday, August 30th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 98.97%.

Institutional Trading of Cboe Global Markets

Large investors have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC increased its holdings in Cboe Global Markets by 170.0% during the first quarter. FinTrust Capital Advisors LLC now owns 135 shares of the company’s stock worth $25,000 after buying an additional 85 shares during the last quarter. Optiver Holding B.V. purchased a new position in Cboe Global Markets during the fourth quarter valued at approximately $29,000. ORG Partners LLC bought a new stake in Cboe Global Markets during the second quarter valued at approximately $30,000. Redmont Wealth Advisors LLC bought a new stake in Cboe Global Markets during the first quarter valued at approximately $42,000. Finally, Riverview Trust Co bought a new stake in Cboe Global Markets during the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of research reports. Barclays upped their price target on shares of Cboe Global Markets from $194.00 to $218.00 and gave the company an “overweight” rating in a research note on Monday, August 5th. Piper Sandler reissued an “overweight” rating and issued a $210.00 price objective (up previously from $203.00) on shares of Cboe Global Markets in a research note on Monday, August 5th. Keefe, Bruyette & Woods increased their price objective on shares of Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. upgraded shares of Cboe Global Markets from an “underweight” rating to a “neutral” rating and upped their price target for the company from $168.00 to $195.00 in a research report on Monday, August 5th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and a consensus price target of $199.64.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange worldwide. It operates through six segments: Options, North American Equities, Europe and Asia Pacific, Futures, Global FX, and Digital. The Options segment trades in listed market indices. The North American Equities segment trades in listed U.S.