Key Points
- CAO Allen Wilkinson sold 248 shares on Feb. 23 at an average price of $292.79 for $72,611.92, cutting his stake by 37.69% to 410 shares (valued about $120,044) as disclosed in an SEC filing.
- Cboe reported a strong quarter (EPS $3.06 vs. $2.95 est., revenue +28% YoY) and its stock trades near a 12‑month high (~$292), but analysts' consensus is a "Hold" with an average price target of $279.
Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) CAO Allen Wilkinson sold 248 shares of the firm's stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $292.79, for a total transaction of $72,611.92. Following the transaction, the chief accounting officer directly owned 410 shares in the company, valued at $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Cboe Global Markets Stock Performance
NASDAQ:CBOE traded up $1.06 during trading on Thursday, reaching $292.33. The company's stock had a trading volume of 183,904 shares, compared to its average volume of 878,096. The firm has a market cap of $30.59 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.39 and a current ratio of 1.78. The firm has a 50 day moving average of $267.49 and a 200-day moving average of $252.92.
Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share (EPS) for the quarter, topping 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%. Cboe Global Markets's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.10 earnings per share. Research analysts expect that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in CBOE. Sound Income Strategies LLC boosted its position in Cboe Global Markets by 102.2% during the fourth quarter. Sound Income Strategies LLC now owns 91 shares of the company's stock valued at $25,000 after buying an additional 46 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new position in shares of Cboe Global Markets during the 4th quarter worth $26,000. Physician Wealth Advisors Inc. raised its holdings in Cboe Global Markets by 70.5% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 133 shares of the company's stock worth $33,000 after purchasing an additional 55 shares during the period. Elyxium Wealth LLC bought a new position in shares of Cboe Global Markets in the fourth quarter worth approximately $33,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in Cboe Global Markets in the 2nd quarter worth $33,000. Institutional investors own 82.67% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on CBOE shares. Citigroup boosted their target price on shares of Cboe Global Markets from $260.00 to $265.00 and gave the company a "neutral" rating in a report on Monday, November 3rd. Loop Capital set a $317.00 target price on Cboe Global Markets in a report on Monday, February 9th. Keefe, Bruyette & Woods upped their price target on Cboe Global Markets from $257.00 to $269.00 and gave the company a "market perform" rating in a research report on Monday, November 3rd. Morgan Stanley raised their price objective on shares of Cboe Global Markets from $221.00 to $240.00 and gave the company an "underweight" rating in a research report on Monday, December 22nd. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $303.00 target price on shares of Cboe Global Markets in a report on Monday, February 9th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $279.00.
Check Out Our Latest Stock Report on CBOE
Cboe Global Markets Company Profile
(
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
