Cboe Global Markets (NASDAQ:CBOE) Shares Up 3.9% – What’s Next?

Cboe Global Markets, Inc. (NASDAQ:CBOE)’s share price was up 3.9% during mid-day trading on Thursday . The stock traded as high as $234.37 and last traded at $233.25. Approximately 198,688 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 790,805 shares. The stock had previously closed at $224.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CBOE shares. William Blair assumed coverage on Cboe Global Markets in a research note on Thursday, January 9th. They issued a “market perform” rating for the company. Keefe, Bruyette & Woods dropped their price objective on shares of Cboe Global Markets from $220.00 to $215.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Barclays lifted their price target on Cboe Global Markets from $212.00 to $216.00 and gave the stock an “equal weight” rating in a research report on Monday, February 10th. Bank of America increased their price objective on Cboe Global Markets from $245.00 to $251.00 and gave the company a “buy” rating in a report on Monday, February 10th. Finally, Oppenheimer dropped their target price on Cboe Global Markets from $232.00 to $218.00 and set an “outperform” rating on the stock in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cboe Global Markets presently has an average rating of “Hold” and a consensus target price of $206.86.

Cboe Global Markets Stock Up 3.4 %

The company has a current ratio of 1.78, a quick ratio of 1.39 and a debt-to-equity ratio of 0.34. The business’s 50-day simple moving average is $211.51. The stock has a market cap of $24.30 billion, a P/E ratio of 32.14, a price-to-earnings-growth ratio of 1.75 and a beta of 0.67.

Cboe Global Markets (NASDAQ:CBOE) last posted its earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same period last year, the firm earned $2.06 EPS. Analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.09%. The ex-dividend date was Friday, February 28th. Cboe Global Markets’s payout ratio is 34.90%.

Insider Transactions at Cboe Global Markets

In related news, CAO Allen Wilkinson sold 228 shares of Cboe Global Markets stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $211.12, for a total value of $48,135.36. Following the sale, the chief accounting officer now directly owns 248 shares in the company, valued at approximately $52,357.76. The trade was a 47.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Adam Inzirillo sold 200 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $209.67, for a total value of $41,934.00. Following the sale, the executive vice president now owns 1,993 shares of the company’s stock, valued at approximately $417,872.31. This trade represents a 9.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,544 shares of company stock valued at $2,380,529 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.

Institutional Investors Weigh In On Cboe Global Markets

Large investors have recently modified their holdings of the business. New York Life Investment Management LLC increased its holdings in shares of Cboe Global Markets by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 15,531 shares of the company’s stock valued at $3,035,000 after purchasing an additional 48 shares during the last quarter. Summit Financial LLC lifted its holdings in Cboe Global Markets by 0.4% in the fourth quarter. Summit Financial LLC now owns 10,908 shares of the company’s stock valued at $2,131,000 after acquiring an additional 48 shares during the last quarter. Exencial Wealth Advisors LLC increased its position in shares of Cboe Global Markets by 1.1% during the 4th quarter. Exencial Wealth Advisors LLC now owns 4,570 shares of the company’s stock worth $893,000 after purchasing an additional 50 shares during the last quarter. Inspire Advisors LLC increased its position in shares of Cboe Global Markets by 1.6% during the fourth quarter. Inspire Advisors LLC now owns 3,127 shares of the company’s stock valued at $611,000 after acquiring an additional 50 shares during the last quarter. Finally, Pinnacle Financial Partners Inc increased its holdings in Cboe Global Markets by 5.2% in the 4th quarter. Pinnacle Financial Partners Inc now owns 1,196 shares of the company’s stock valued at $234,000 after purchasing an additional 59 shares during the last quarter. Hedge funds and other institutional investors own 82.67% of the company’s stock.

Cboe Global Markets Company Profile

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.