Cboe Global Markets (CBOE) Hits New 1-Year Low at $91.10
Shares of Cboe Global Markets Inc (NASDAQ:CBOE) hit a new 52-week low on Friday . The stock traded as low as $91.10 and last traded at $91.63, with a volume of 29784 shares trading hands. The stock had previously closed at $91.79.
CBOE has been the topic of several analyst reports. BidaskClub cut shares of Cboe Global Markets from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Zacks Investment Research raised shares of Cboe Global Markets from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $105.00 target price on shares of Cboe Global Markets in a report on Sunday, July 15th. Barclays cut their price objective on shares of Cboe Global Markets from $110.00 to $107.00 and set an “equal weight” rating on the stock in a report on Monday, July 30th. Finally, Compass Point assumed coverage on shares of Cboe Global Markets in a report on Monday, July 9th. They set a “buy” rating and a $115.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. Cboe Global Markets has a consensus rating of “Hold” and an average price target of $118.69.
The company has a current ratio of 0.86, a quick ratio of 1.33 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $10.30 billion, a price-to-earnings ratio of 27.04, a P/E/G ratio of 1.74 and a beta of 0.58.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.24 dividend on an annualized basis and a yield of 1.34%. This is a boost from Cboe Global Markets’s previous quarterly dividend of $0.27. Cboe Global Markets’s dividend payout ratio (DPR) is presently 31.58%.
In other news, VP Christopher A. Isaacson sold 8,720 shares of Cboe Global Markets stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $100.02, for a total value of $872,174.40. Following the transaction, the vice president now directly owns 86,220 shares of the company’s stock, valued at approximately $8,623,724.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Christopher R. Concannon bought 10,000 shares of the business’s stock in a transaction dated Wednesday, May 30th. The stock was acquired at an average cost of $99.44 per share, for a total transaction of $994,400.00. Following the completion of the acquisition, the chief operating officer now directly owns 152,526 shares in the company, valued at $15,167,185.44. The disclosure for this purchase can be found here. 0.89% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in shares of Cboe Global Markets by 40.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,604 shares of the financial services provider’s stock valued at $200,000 after acquiring an additional 466 shares during the period. Janney Montgomery Scott LLC grew its position in Cboe Global Markets by 11.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 4,902 shares of the financial services provider’s stock valued at $510,000 after buying an additional 497 shares during the last quarter. LPL Financial LLC grew its position in Cboe Global Markets by 25.8% in the 1st quarter. LPL Financial LLC now owns 2,625 shares of the financial services provider’s stock valued at $299,000 after buying an additional 539 shares during the last quarter. Raymond James & Associates grew its position in Cboe Global Markets by 10.4% in the 4th quarter. Raymond James & Associates now owns 6,133 shares of the financial services provider’s stock valued at $764,000 after buying an additional 577 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its position in Cboe Global Markets by 17.7% in the 1st quarter. Oppenheimer & Co. Inc. now owns 3,864 shares of the financial services provider’s stock valued at $441,000 after buying an additional 582 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.
About Cboe Global Markets
Cboe Global Markets, Inc, through its subsidiaries, operates as an options exchange in the United States. The company operates in five segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment trades in listed market indexes. The U.S. Equities segment trades in listed cash equities; and provides exchange-traded products (ETP) transaction and ETP listing services.
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