Cboe Global Markets (BATS:CBOE) Director Janet Froetscher Sells 1,223 Shares of Stock

Cboe Global Markets, Inc. (BATS:CBOE) Director Janet Froetscher sold 1,223 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $358.09, for a total value of $437,944.07. Following the sale, the director owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cboe Global Markets Trading Down 0.6%

Shares of CBOE stock opened at $360.92 on Thursday. Cboe Global Markets, Inc. has a 1 year low of $218.14 and a 1 year high of $371.18. 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’s 50 day simple moving average is $307.53 and its two-hundred day simple moving average is $280.18. The company has a market cap of $38.28 billion, a PE ratio of 186.04 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last issued its quarterly earnings data on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.37 by $0.33. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The business had revenue of $728.90 million for the quarter, compared to the consensus estimate of $688.36 million. During the same period in the prior year, the business posted $2.50 earnings per share. The company’s quarterly revenue was up 29.0% compared to the same quarter last year. Research analysts predict that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be given a dividend of $0.72 per share. The ex-dividend date is Friday, May 29th. This represents a $2.88 dividend on an annualized basis and a yield of 0.8%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CBOE. Barclays increased their price target on Cboe Global Markets from $351.00 to $382.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Keefe, Bruyette & Woods increased their price target on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a report on Monday, May 4th. Piper Sandler increased their price target on Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a report on Wednesday, April 15th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $303.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th. Finally, TD Cowen increased their price target on Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $322.60.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Caprock Group LLC purchased a new position in shares of Cboe Global Markets during the 3rd quarter valued at about $4,156,000. Andra AP fonden raised its stake in shares of Cboe Global Markets by 7.9% during the 3rd quarter. Andra AP fonden now owns 124,200 shares of the company’s stock valued at $30,460,000 after buying an additional 9,100 shares during the last quarter. Nordea Investment Management AB raised its stake in shares of Cboe Global Markets by 33.5% during the 4th quarter. Nordea Investment Management AB now owns 947,884 shares of the company’s stock valued at $239,625,000 after buying an additional 237,887 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Cboe Global Markets by 557.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 37,649 shares of the company’s stock valued at $9,070,000 after buying an additional 31,919 shares during the last quarter. Finally, Vest Financial LLC raised its stake in shares of Cboe Global Markets by 25.7% during the 3rd quarter. Vest Financial LLC now owns 24,929 shares of the company’s stock valued at $6,114,000 after buying an additional 5,100 shares during the last quarter. 81.73% of the stock is currently owned by hedge funds and other institutional investors.

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.