Cboe Global Markets (NASDAQ:CBOE) Shares Up 3.9% – Still a Buy?

Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) shot up 3.9% during mid-day trading on Thursday . The stock traded as high as $234.37 and last traded at $233.25. 198,688 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 790,805 shares. The stock had previously closed at $224.48.

Analysts Set New Price Targets

A number of analysts have commented on the company. Bank of America lifted their target price on Cboe Global Markets from $245.00 to $251.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Barclays boosted their target price on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Keefe, Bruyette & Woods dropped their price target on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Jefferies Financial Group decreased their price objective on shares of Cboe Global Markets from $212.00 to $190.00 and set a “hold” rating for the company in a report on Thursday, January 9th. Finally, William Blair initiated coverage on shares of Cboe Global Markets in a research report on Thursday, January 9th. They set a “market perform” rating on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and a consensus price target of $206.86.

Cboe Global Markets Price Performance

The stock has a 50-day moving average price of $212.29. 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 market cap of $22.52 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 1.75 and a beta of 0.47.

Cboe Global Markets (NASDAQ:CBOE) last released its earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.04). 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 business earned $2.06 earnings per share. On average, equities 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 announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s dividend payout ratio (DPR) is 34.90%.

Insiders Place Their Bets

In related news, CAO Allen Wilkinson sold 228 shares of the company’s stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total transaction of $48,135.36. Following the completion of the transaction, the chief accounting officer now owns 248 shares in the company, valued at approximately $52,357.76. This represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total transaction of $41,934.00. Following the completion of the sale, the executive vice president now owns 1,993 shares in the company, valued at approximately $417,872.31. The trade was a 9.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,544 shares of company stock worth $2,380,529. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Large investors have recently made changes to their positions in the company. New York Life Investment Management LLC grew its stake in shares of Cboe Global Markets by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock worth $3,035,000 after buying an additional 48 shares in the last quarter. Summit Financial LLC grew its position in Cboe Global Markets by 0.4% in the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company’s stock worth $2,131,000 after acquiring an additional 48 shares in the last quarter. Exencial Wealth Advisors LLC grew its position in Cboe Global Markets by 1.1% in the fourth quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock worth $893,000 after acquiring an additional 50 shares in the last quarter. Inspire Advisors LLC increased its stake in Cboe Global Markets by 1.6% during the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock worth $611,000 after acquiring an additional 50 shares during the last quarter. Finally, Pinnacle Financial Partners Inc raised its position in Cboe Global Markets by 5.2% during the fourth quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock valued at $234,000 after purchasing an additional 59 shares during the period. 82.67% of the stock is owned by institutional investors.

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.