Cboe Global Markets, Inc. (NASDAQ:CBOE – Get Free Report) Director Alexander Matturri, Jr. sold 1,500 shares of Cboe Global Markets stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the sale, the director owned 4,761 shares in the company, valued at $1,358,598.96. This represents a 23.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cboe Global Markets Stock Up 0.9%
CBOE stock traded up $2.51 during midday trading on Friday, hitting $288.68. The stock had a trading volume of 568,680 shares, compared to its average volume of 901,826. The business has a 50-day moving average of $264.25 and a two-hundred day moving average of $251.77. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The firm 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. Cboe Global Markets, Inc. has a 52-week low of $200.88 and a 52-week high of $288.68.
Cboe Global Markets (NASDAQ:CBOE – Get Free Report) last announced its earnings results on Friday, February 6th. The company reported $3.06 EPS for the quarter, beating 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 revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.10 EPS. As a group, 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 firm also recently disclosed a dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.72 dividend. This represents a yield of 112.0%. The ex-dividend date was Friday, November 28th. Cboe Global Markets’s dividend payout ratio (DPR) is presently 27.64%.
Institutional Investors Weigh In On Cboe Global Markets
A number of institutional investors have recently bought and sold shares of CBOE. Norges Bank purchased a new position in shares of Cboe Global Markets in the fourth quarter valued at about $354,578,000. First Trust Advisors LP grew its position in shares of Cboe Global Markets by 215.2% during the third quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock worth $356,040,000 after purchasing an additional 991,209 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Cboe Global Markets by 1,340.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after purchasing an additional 697,600 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Cboe Global Markets by 2,425.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock worth $166,009,000 after purchasing an additional 635,199 shares in the last quarter. Finally, Marshall Wace LLP bought a new position in Cboe Global Markets in the 3rd quarter worth approximately $107,052,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.
Analysts Set New Price Targets
Several equities research analysts recently issued reports on CBOE shares. Piper Sandler raised their target price on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Morgan Stanley raised their price target on Cboe Global Markets from $221.00 to $240.00 and gave the stock an “underweight” rating in a research note on Monday, December 22nd. Loop Capital set a $317.00 price objective on Cboe Global Markets in a report on Monday, February 9th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $303.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. Finally, Zacks Research raised Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cboe Global Markets currently has an average rating of “Hold” and an average target price of $279.00.
Get Our Latest Stock Analysis on Cboe Global Markets
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.
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