Cboe Global Markets (BATS:CBOE) Director Janet Froetscher Sells 937 Shares

Cboe Global Markets, Inc. (BATS:CBOE) Director Janet Froetscher sold 937 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $278.95, for a total value of $261,376.15. Following the sale, the director directly owned 12,870 shares in the company, valued at $3,590,086.50. This represents a 6.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cboe Global Markets Stock Performance

BATS CBOE opened at $296.14 on Friday. The firm has a market capitalization of $31.41 billion, a P/E ratio of 152.65 and a beta of 0.61. The stock has a 50-day simple moving average of $274.58 and a two-hundred day simple moving average of $291.76. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.21 and a current ratio of 1.21. Cboe Global Markets, Inc. has a fifty-two week low of $227.15 and a fifty-two week high of $371.18.

Cboe Global Markets (BATS:CBOE) last issued its earnings results on Friday, July 31st. The company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.49 by $0.07. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%.The firm had revenue of $731.60 million for the quarter, compared to the consensus estimate of $716.61 million. During the same quarter in the prior year, the business earned $2.46 earnings per share. The company’s revenue was up 24.6% compared to the same quarter last year. On average, equities analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current year.

Cboe Global Markets Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.86 dividend. The ex-dividend date of this dividend is Monday, August 31st. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.2%. Cboe Global Markets’s dividend payout ratio is presently 98.97%.

Institutional Investors Weigh In On Cboe Global Markets

Institutional investors have recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new position in shares of Cboe Global Markets during the second quarter valued at approximately $25,000. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Cboe Global Markets in the fourth quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Cboe Global Markets in the second quarter worth approximately $26,000. NFSG Corp purchased a new stake in shares of Cboe Global Markets during the first quarter worth approximately $31,000. Finally, Clearstead Trust LLC purchased a new stake in shares of Cboe Global Markets during the second quarter worth approximately $27,000. 81.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have commented on CBOE. Zacks Research lowered Cboe Global Markets from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 8th. UBS Group boosted their target price on shares of Cboe Global Markets from $305.00 to $335.00 and gave the company a “neutral” rating in a research note on Monday, May 4th. Barclays boosted their target price on shares of Cboe Global Markets from $347.00 to $354.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Cboe Global Markets in a research report on Monday, August 3rd. Finally, Erste Group Bank cut shares of Cboe Global Markets from a “buy” rating to a “hold” rating in a 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 issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $315.30.

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.