Cboe Global Markets (NASDAQ:CBOE) Director Alexander Matturri, Jr. Sells 1,500 Shares of 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 transaction of $428,040.00. Following the completion of the transaction, the director owned 4,761 shares of the company’s stock, valued at approximately $1,358,598.96. This represents a 23.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Cboe Global Markets Price Performance

Shares of Cboe Global Markets stock opened at $288.68 on Friday. The firm has a market cap of $30.21 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 1.75 and a beta of 0.36. The firm’s 50-day simple moving average is $264.96 and its 200-day simple moving average is $252.04. Cboe Global Markets, Inc. has a twelve month low of $200.88 and a twelve month high of $288.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78.

Cboe Global Markets (NASDAQ:CBOE) last announced its quarterly earnings results on Friday, February 6th. The company reported $3.06 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company’s quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.10 earnings per share. As a group, research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

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

Analysts Set New Price Targets

CBOE has been the subject of several recent analyst reports. TD Cowen reiterated a “hold” rating on shares of Cboe Global Markets in a research note on Wednesday, January 14th. Barclays increased their target price on shares of Cboe Global Markets from $295.00 to $317.00 and gave the stock an “overweight” rating in a research report on Monday, February 9th. Loop Capital set a $317.00 price target on shares of Cboe Global Markets in a research report on Monday, February 9th. Piper Sandler upped their price objective on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 14th. Finally, 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. One investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of “Hold” and an average price target of $279.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Cboe Global Markets by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock worth $3,251,878,000 after acquiring an additional 120,021 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Cboe Global Markets by 4.1% in the second quarter. Alliancebernstein L.P. now owns 9,854,571 shares of the company’s stock valued at $2,298,185,000 after purchasing an additional 390,034 shares in the last quarter. State Street Corp raised its position in Cboe Global Markets by 2.1% in the 3rd quarter. State Street Corp now owns 4,996,816 shares of the company’s stock worth $1,225,469,000 after purchasing an additional 101,349 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Cboe Global Markets by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock worth $750,940,000 after buying an additional 65,108 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in Cboe Global Markets by 6.1% during the 4th quarter. Morgan Stanley now owns 2,691,162 shares of the company’s stock worth $675,482,000 after buying an additional 155,333 shares in the last quarter. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

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.