Cboe Global Markets (BATS:CBOE) Director Sells $261,376.15 in Stock

Cboe Global Markets, Inc. (BATS:CBOE) Director Janet Froetscher sold 937 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares in the company, valued at approximately $3,590,086.50. The trade was a 6.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cboe Global Markets Price Performance

Shares of CBOE opened at $296.14 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a market capitalization of $31.41 billion, a price-to-earnings ratio of 152.65 and a beta of 0.61. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year high of $371.18. The business’s 50 day simple moving average is $274.58 and its 200-day simple moving average is $291.92.

Cboe Global Markets (BATS:CBOE) last posted its earnings results on Friday, July 31st. The company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The firm had revenue of $731.60 million during the quarter, compared to analyst estimates of $716.61 million. During the same period last year, the firm posted $2.46 earnings per share. Cboe Global Markets’s revenue for the quarter was up 24.6% compared to the same quarter last year. As a group, equities analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, August 31st. This is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. Cboe Global Markets’s dividend payout ratio is 98.97%.

Institutional Investors Weigh In On Cboe Global Markets

Several hedge funds and other institutional investors have recently made changes to their positions in CBOE. Jones Financial Companies Lllp bought a new position in Cboe Global Markets during the 2nd quarter valued at about $25,000. Keating Financial Advisory Services Inc. bought a new stake in Cboe Global Markets in the second quarter worth about $26,000. University of Texas Texas AM Investment Management Co. bought a new stake in Cboe Global Markets in the fourth quarter worth about $26,000. Clearstead Trust LLC bought a new stake in Cboe Global Markets in the second quarter worth about $27,000. Finally, NFSG Corp purchased a new position in shares of Cboe Global Markets during the first quarter valued at approximately $31,000. 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 several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $258.00 price target on shares of Cboe Global Markets in a research report on Friday, July 10th. Zacks Research cut Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods upped their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Finally, Barclays raised their price objective on Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets presently has an average rating of “Hold” and an average price target of $315.30.

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. and Canadian equities. This segment also offers exchange-traded products (ETP) transaction and listing services. The Europe and Asia Pacific segment provides pan-European listed equities and derivatives transaction services, ETPs, exchange-traded commodities, and international depository receipts, as well as ETP listings and clearing services.