Insider Selling: Cboe Global Markets (NASDAQ:CBOE) CAO Sells 248 Shares of Stock

Cboe Global Markets, Inc. (NASDAQ:CBOE) CAO Allen Wilkinson sold 248 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $292.79, for a total value of $72,611.92. Following the transaction, the chief accounting officer owned 410 shares in the company, valued at $120,043.90. This trade represents a 37.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cboe Global Markets Price Performance

NASDAQ CBOE traded down $1.67 on Wednesday, hitting $291.27. The company had a trading volume of 960,724 shares, compared to its average volume of 897,407. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company’s fifty day moving average price is $266.71 and its 200-day moving average price is $252.65. The company has a market capitalization of $30.48 billion, a PE ratio of 40.34, a PEG ratio of 1.75 and a beta of 0.36. Cboe Global Markets, Inc. has a 12-month low of $200.88 and a 12-month high of $295.00.

Cboe Global Markets (NASDAQ:CBOE) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. During the same quarter in the prior year, the business earned $2.10 EPS. The company’s revenue was up 28.0% on a year-over-year basis. As a group, analysts predict that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on CBOE. Loop Capital set a $317.00 price objective on Cboe Global Markets in a research note on Monday, February 9th. UBS Group reaffirmed a “neutral” rating and issued a $290.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Cboe Global Markets in a research note on Monday, November 3rd. Zacks Research upgraded Cboe Global Markets from a “hold” rating to a “strong-buy” rating in a report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $303.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cboe Global Markets presently has a consensus rating of “Hold” and an average price target of $279.00.

Institutional Trading of Cboe Global Markets

Hedge funds have recently made changes to their positions in the company. Norges Bank acquired a new position in Cboe Global Markets in the fourth quarter valued at approximately $354,578,000. First Trust Advisors LP raised its position in Cboe Global Markets by 215.2% in the third 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 during the period. Balyasny Asset Management L.P. lifted its stake in shares of Cboe Global Markets by 1,340.0% in the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company’s stock valued at $183,854,000 after purchasing an additional 697,600 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cboe Global Markets by 2,425.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company’s stock valued at $166,009,000 after purchasing an additional 635,199 shares during the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Cboe Global Markets during the 3rd quarter worth $107,052,000. Hedge funds and other institutional investors own 82.67% of the company’s stock.

About Cboe Global Markets

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.