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 stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $278.95, for a total value of $261,376.15. Following the completion of the sale, the director directly owned 12,870 shares of the company’s stock, valued at $3,590,086.50. The trade was a 6.79% decrease in their ownership of the stock. The transaction 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 Up 1.0%

CBOE traded up $3.06 during mid-day trading on Friday, reaching $296.14. 358,049 shares of the stock were exchanged, compared to its average volume of 1,119,950. Cboe Global Markets, Inc. has a 1 year low of $227.15 and a 1 year 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 stock has a market capitalization of $31.41 billion, a PE ratio of 152.65 and a beta of 0.61. The company has a 50 day moving average price of $274.29 and a two-hundred day moving average price of $291.73.

Cboe Global Markets (BATS:CBOE) last announced its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, beating the consensus estimate 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 company had revenue of $731.60 million during the quarter, compared to the consensus estimate of $716.61 million. During the same quarter in the prior year, the company posted $2.46 earnings per share. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. As a group, research analysts anticipate that Cboe Global Markets, Inc. will post 6.41 EPS for the current year.

Cboe Global Markets Increases Dividend

The company also recently disclosed 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 a positive change 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 yield of 1.2%. Cboe Global Markets’s dividend payout ratio (DPR) is 98.97%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on Cboe Global Markets from $277.00 to $288.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 28th. Piper Sandler dropped their price target on Cboe Global Markets from $355.00 to $320.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Keefe, Bruyette & Woods boosted their price objective on Cboe Global Markets from $300.00 to $335.00 and gave the stock a “market perform” rating in a research report on Monday, May 4th. TD Cowen upped their price objective on Cboe Global Markets from $304.00 to $315.00 and gave the company a “hold” rating in a research note on Monday, August 3rd. Finally, Erste Group Bank lowered Cboe Global Markets from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Three research 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’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $315.30.

Institutional Investors Weigh In On Cboe Global Markets

A number of hedge funds have recently modified their holdings of the stock. Legal & General Group Plc bought a new position in Cboe Global Markets during the second quarter valued at $175,870,000. The Manufacturers Life Insurance Company bought a new stake in shares of Cboe Global Markets in the second quarter valued at $50,159,000. Jones Financial Companies Lllp bought a new stake in shares of Cboe Global Markets in the second quarter valued at $25,000. Sone Capital Management LLC purchased a new position in shares of Cboe Global Markets during the 2nd quarter valued at $9,348,000. Finally, Cibc World Market Inc. purchased a new position in shares of Cboe Global Markets during the 2nd quarter valued at $1,578,000. Institutional investors own 81.73% of the company’s stock.

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.