Cboe Global Markets (NASDAQ:CBOE) Shares Down 2.7% – Should You Sell?

Cboe Global Markets, Inc. (NASDAQ:CBOE) traded down 2.7% during mid-day trading on Wednesday . The company traded as low as $201.52 and last traded at $202.49. 1,142,504 shares traded hands during trading, an increase of 33% from the average session volume of 857,435 shares. The stock had previously closed at $208.13.

Wall Street Analysts Forecast Growth

CBOE has been the topic of a number of recent analyst reports. Oppenheimer upped their price objective on Cboe Global Markets from $233.00 to $237.00 and gave the company an “outperform” rating in a report on Friday. The Goldman Sachs Group cut shares of Cboe Global Markets from a “neutral” rating to a “sell” rating and set a $184.00 target price on the stock. in a research report on Monday, January 6th. 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 for the company in a research 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 on the stock in a report on Thursday, January 9th. Finally, StockNews.com raised Cboe Global Markets from a “sell” rating to a “hold” rating in a research report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets has an average rating of “Hold” and an average target price of $218.80.

Cboe Global Markets Stock Performance

The company has a market capitalization of $22.52 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.75 and a beta of 0.47. 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 stock’s 50-day moving average price is $212.67.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, February 7th. The company reported $2.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company posted $2.06 earnings per share. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 EPS for the current 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. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.17%. Cboe Global Markets’s payout ratio is currently 34.90%.

Insider Activity at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the transaction, the chief accounting officer now directly owns 248 shares of the company’s stock, valued at $52,357.76. This trade represents a 47.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Dave Howson sold 11,036 shares of Cboe Global Markets stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total transaction of $2,273,526.36. Following the sale, the executive vice president now owns 8,025 shares in the company, valued at $1,653,230.25. This represents a 57.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,544 shares of company stock valued at $2,380,529 over the last quarter. 0.22% of the stock is owned by insiders.

Institutional Trading of Cboe Global Markets

A number of large investors have recently bought and sold shares of the business. NBC Securities Inc. purchased a new stake in shares of Cboe Global Markets in the first quarter valued at about $27,000. Greenline Partners LLC purchased a new stake in Cboe Global Markets during the 4th quarter valued at approximately $29,000. Lee Danner & Bass Inc. acquired a new stake in Cboe Global Markets during the 4th quarter worth approximately $29,000. Kestra Investment Management LLC purchased a new position in shares of Cboe Global Markets in the 4th quarter valued at approximately $31,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Cboe Global Markets in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

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.