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

Cboe Global Markets, Inc. (BATS:CBOE) Director Janet Froetscher sold 1,223 shares of the company’s stock in a transaction dated 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 owned 13,807 shares in the company, valued at approximately $4,944,148.63. This trade represents a 8.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cboe Global Markets Stock Performance

Shares of BATS:CBOE traded down $2.05 on Wednesday, reaching $360.92. 956,614 shares of the company’s stock were exchanged, compared to its average volume of 906,018. The company has a fifty day moving average of $306.29 and a 200-day moving average of $279.31. Cboe Global Markets, Inc. has a twelve month low of $218.14 and a twelve month high of $371.18. The company has a market capitalization of $38.28 billion, a price-to-earnings ratio of 186.04 and a beta of 0.61. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.60.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, May 1st. The company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $728.90 million for the quarter, compared to analyst estimates of $688.36 million. During the same quarter in the prior year, the business posted $2.50 EPS. The business’s revenue was up 29.0% compared to the same quarter last year. On average, research analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently announced 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. This represents a $2.88 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, May 29th. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Analyst Ratings Changes

CBOE has been the topic of a number of analyst reports. TD Cowen increased their target price on shares of Cboe Global Markets from $293.00 to $365.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. Piper Sandler increased their target price on shares of Cboe Global Markets from $295.00 to $321.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 15th. Royal Bank Of Canada restated a “sector perform” rating and set a $303.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, May 4th. Finally, Morgan Stanley increased their target price on shares of Cboe Global Markets from $246.00 to $273.00 and gave the stock an “underweight” rating in a research report on Friday, April 10th. Five analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $322.60.

Institutional Trading of Cboe Global Markets

Several large investors have recently made changes to their positions in the company. SHUTTLEWORTH & Co boosted its position in shares of Cboe Global Markets by 0.8% during the 1st quarter. SHUTTLEWORTH & Co now owns 8,405 shares of the company’s stock worth $2,362,000 after acquiring an additional 66 shares in the last quarter. Norris Financial Group LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $2,735,000. Western Wealth Management LLC acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $36,000. Eley Financial Management Inc acquired a new stake in shares of Cboe Global Markets during the 1st quarter worth approximately $1,116,000. Finally, Bank of America Corp DE boosted its position in shares of Cboe Global Markets by 10.1% during the 1st quarter. Bank of America Corp DE now owns 750,833 shares of the company’s stock worth $211,037,000 after acquiring an additional 68,742 shares in the last quarter. Institutional investors and hedge funds own 81.73% of the company’s stock.

Cboe Global Markets Company Profile

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.