Cboe Global Markets (NASDAQ:CBOE) Director Edward Fitzpatrick Sells 3,947 Shares

Cboe Global Markets, Inc. (NASDAQ:CBOE) Director Edward Fitzpatrick sold 3,947 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $285.87, for a total value of $1,128,328.89. Following the sale, the director directly owned 12,921 shares of the company’s stock, valued at approximately $3,693,726.27. This represents a 23.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Cboe Global Markets Stock Up 0.9%

Shares of Cboe Global Markets stock opened at $288.68 on Friday. Cboe Global Markets, Inc. has a one year low of $200.88 and a one year high of $288.68. The company has a market cap of $30.21 billion, a P/E ratio of 39.98, a PEG ratio of 1.75 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm has a fifty day moving average of $264.96 and a two-hundred day moving average of $252.04.

Cboe Global Markets (NASDAQ:CBOE) last issued its quarterly earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping 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 last year, the business earned $2.10 EPS. On average, analysts forecast that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.72 per share. This represents a dividend yield of 112.0%. The ex-dividend date of this dividend was Friday, November 28th. Cboe Global Markets’s dividend payout ratio is 27.64%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CBOE shares. Piper Sandler upped their price objective on Cboe Global Markets from $290.00 to $295.00 and gave the stock an “overweight” rating in a report on Wednesday, January 14th. Loop Capital set a $317.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. Zacks Research upgraded shares of Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Citigroup boosted their price objective on shares of Cboe Global Markets from $260.00 to $265.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. Finally, TD Cowen restated a “hold” rating on shares of Cboe Global Markets in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $279.00.

Hedge Funds Weigh In On Cboe Global Markets

Institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in Cboe Global Markets during the 4th quarter worth about $354,578,000. First Trust Advisors LP lifted its holdings in Cboe Global Markets by 215.2% in the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company’s stock valued at $356,040,000 after purchasing an additional 991,209 shares in the last quarter. Balyasny Asset Management L.P. boosted its stake in shares of 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 worth $183,854,000 after purchasing an additional 697,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Cboe Global Markets by 2,425.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock worth $166,009,000 after buying an additional 635,199 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Cboe Global Markets during the third quarter worth about $107,052,000. 82.67% of the stock is owned by institutional investors and hedge funds.

Cboe Global Markets Company Profile

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.