Key Points
- Director Edward Fitzpatrick sold 3,947 Cboe shares on Feb. 18 at an average price of $285.87 for about $1.13 million, reducing his stake by 23.4% to 12,921 shares; the transaction was disclosed in an SEC Form 4 filing.
- Cboe reported a strong quarter, beating EPS estimates with $3.06 (vs. $2.95 expected) and delivering revenue growth of 28% year-over-year.
- The stock is trading near its 52-week high (opened at $288.68), has a market cap of $30.21 billion, but analyst sentiment is mixed with an average rating of “Hold” and a $279 average price target.
Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) Director Alexander Matturri, Jr. sold 1,500 shares of the company's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the transaction, the director directly owned 4,761 shares in the company, valued at $1,358,598.96. This trade represents a 23.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Cboe Global Markets Price Performance
Shares of CBOE stock opened at $288.68 on Friday. The firm has a market cap of $30.21 billion, a price-to-earnings ratio of 39.98, 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 $288.68. The company has a quick ratio of 1.39, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $264.96 and a 200 day moving average price of $252.04.
Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last released its earnings results on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.95 by $0.11. Cboe Global Markets had a net margin of 18.64% and a return on equity of 22.02%. The company's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.10 EPS. Research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current year.
Cboe Global Markets Announces Dividend
The firm also recently disclosed a dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a $0.72 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 112.0%. Cboe Global Markets's dividend payout ratio (DPR) is presently 27.64%.
Institutional Trading of Cboe Global Markets
Several hedge funds have recently added to or reduced their stakes in CBOE. Brighton Jones LLC grew its stake in Cboe Global Markets by 10.1% in the fourth quarter. Brighton Jones LLC now owns 1,092 shares of the company's stock valued at $213,000 after acquiring an additional 100 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Cboe Global Markets by 1,854.4% during the 1st quarter. Jones Financial Companies Lllp now owns 4,202 shares of the company's stock valued at $951,000 after purchasing an additional 3,987 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Cboe Global Markets by 132.4% during the 1st quarter. Empowered Funds LLC now owns 4,803 shares of the company's stock valued at $1,087,000 after purchasing an additional 2,736 shares in the last quarter. Woodline Partners LP grew its position in shares of Cboe Global Markets by 40.7% in the 1st quarter. Woodline Partners LP now owns 8,845 shares of the company's stock valued at $2,002,000 after purchasing an additional 2,558 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in shares of Cboe Global Markets by 138.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 341 shares of the company's stock valued at $77,000 after purchasing an additional 198 shares during the period. Institutional investors and hedge funds own 82.67% of the company's stock.
Analyst Ratings Changes
Several analysts have commented on CBOE shares. Citigroup upped their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a "neutral" rating in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Cboe Global Markets in a research note on Monday, November 3rd. Morgan Stanley increased their target price on Cboe Global Markets from $221.00 to $240.00 and gave the company an "underweight" rating in a research note on Monday, December 22nd. Royal Bank Of Canada restated a "sector perform" rating and set a $303.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. Finally, UBS Group restated a "neutral" rating and set a $290.00 target price on shares of Cboe Global Markets in a research report on Monday, February 9th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cboe Global Markets has an average rating of "Hold" and an average target price of $279.00.
Read Our Latest Stock Analysis on Cboe Global Markets
About Cboe Global Markets
(
Get Free Report)
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.
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