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

Cboe Global Markets, Inc. (BATS:CBOE) Director Janet Froetscher sold 1,223 shares of the firm’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $358.09, for a total transaction of $437,944.07. Following the completion of the transaction, the director directly owned 13,807 shares of the company’s stock, valued at $4,944,148.63. This represents a 8.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cboe Global Markets Price Performance

BATS:CBOE opened at $351.94 on Friday. Cboe Global Markets, Inc. has a 1-year low of $218.14 and a 1-year high of $371.18. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $308.86 and a 200 day simple moving average of $280.93. The stock has a market capitalization of $37.33 billion, a PE ratio of 181.41 and a beta of 0.61.

Cboe Global Markets (BATS:CBOE) last released its earnings results on Friday, May 1st. The company reported $3.70 earnings per share for the quarter, beating the consensus estimate of $3.37 by $0.33. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $728.90 million during the quarter, compared to analysts’ expectations of $688.36 million. During the same period last year, the business earned $2.50 earnings per share. The firm’s revenue was up 29.0% on a year-over-year basis. On average, research analysts expect that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $2.88 annualized dividend and a dividend yield of 0.8%. Cboe Global Markets’s dividend payout ratio (DPR) is currently 98.97%.

Institutional Investors Weigh In On Cboe Global Markets

Hedge funds have recently added to or reduced their stakes in the business. Sound Income Strategies LLC lifted its holdings in Cboe Global Markets by 102.2% during the 4th quarter. Sound Income Strategies LLC now owns 91 shares of the company’s stock valued at $25,000 after purchasing an additional 46 shares during the last quarter. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth $26,000. NFSG Corp acquired a new stake in shares of Cboe Global Markets during the first quarter worth $31,000. Headlands Technologies LLC acquired a new stake in shares of Cboe Global Markets during the second quarter worth $31,000. Finally, Physician Wealth Advisors Inc. lifted its holdings in shares of Cboe Global Markets by 70.5% during the third quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company’s stock worth $33,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

CBOE has been the subject of several analyst reports. Morgan Stanley raised their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the company an “underweight” rating in a research note on Friday, April 10th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $303.00 target price on shares of Cboe Global Markets in a research note on Monday, February 9th. Zacks Research downgraded Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a report on Friday, May 8th. Piper Sandler raised their price target on Cboe Global Markets from $295.00 to $321.00 and gave the company an “overweight” rating in a report on Wednesday, April 15th. Finally, Loop Capital set a $382.00 price target on Cboe Global Markets in a report on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $322.60.

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.