Janet Froetscher Sells 937 Shares of Cboe Global Markets (BATS:CBOE) Stock

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

Cboe Global Markets Stock Up 1.0%

Cboe Global Markets stock opened at $296.14 on Friday. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $31.41 billion, a P/E ratio of 152.65 and a beta of 0.61. The stock has a 50-day simple moving average of $274.58 and a 200-day simple moving average of $291.76.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, July 31st. The company reported $3.56 earnings per share (EPS) for the quarter, topping 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 business had revenue of $731.60 million for the quarter, compared to analyst estimates of $716.61 million. During the same period last year, the firm posted $2.46 earnings per share. The company’s revenue for the quarter was up 24.6% compared to the same quarter last year. Equities research analysts expect that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently announced 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 is an increase from Cboe Global Markets’s previous quarterly dividend of $0.72. The ex-dividend date is Monday, August 31st. This represents a $3.44 annualized dividend and a dividend yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Institutional Trading of Cboe Global Markets

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Cboe Global Markets by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 12,955,689 shares of the company’s stock worth $3,251,878,000 after buying an additional 120,021 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Cboe Global Markets in the 2nd quarter worth about $2,474,799,000. State Street Corp grew its stake 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 valued at $1,225,469,000 after acquiring an additional 101,349 shares during the last quarter. Geode Capital Management LLC grew its stake in Cboe Global Markets by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 2,987,134 shares of the company’s stock valued at $750,940,000 after acquiring an additional 65,108 shares during the last quarter. Finally, Morgan Stanley increased 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 valued at $675,482,000 after acquiring an additional 155,333 shares in the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on CBOE. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research note on Monday, August 3rd. UBS Group boosted their price objective on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Loop Capital set a $380.00 price objective on shares of Cboe Global Markets in a research report on Monday, August 3rd. Zacks Research downgraded shares of Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. Finally, Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets has a consensus rating of “Hold” and an average price target of $315.30.

About Cboe Global Markets

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.