Cboe Global Markets (NASDAQ:CBOE) Stock Price Up 3.9% - Here's What Happened

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report)'s share price was up 3.9% on Thursday . The company traded as high as $234.37 and last traded at $233.25. Approximately 198,688 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 790,805 shares. The stock had previously closed at $224.48.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America raised their target price on Cboe Global Markets from $245.00 to $251.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Barclays raised their price objective on Cboe Global Markets from $216.00 to $232.00 and gave the company an "equal weight" rating in a report on Monday. StockNews.com raised Cboe Global Markets from a "sell" rating to a "hold" rating in a research note on Tuesday, March 4th. Morgan Stanley raised shares of Cboe Global Markets from an "underweight" rating to an "overweight" rating and set a $235.00 price target on the stock in a research note on Tuesday. Finally, Oppenheimer reduced their price objective on shares of Cboe Global Markets from $232.00 to $218.00 and set an "outperform" rating for the company in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Cboe Global Markets presently has an average rating of "Hold" and an average price target of $219.30.

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Cboe Global Markets Stock Performance

The company has a market capitalization of $22.03 billion, a PE ratio of 29.15, a PEG ratio of 1.75 and a beta of 0.47. 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 firm's 50-day simple moving average is $212.34.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its earnings results on Friday, February 7th. The company reported $2.10 EPS for the quarter, missing analysts' consensus estimates of $2.14 by ($0.04). Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. During the same period last year, the firm posted $2.06 EPS. Analysts expect that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current year.

Cboe Global Markets Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.20%. Cboe Global Markets's dividend payout ratio (DPR) is presently 34.90%.

Insider Activity

In related news, CAO Allen Wilkinson sold 228 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $211.12, for a total value of $48,135.36. Following the completion of the sale, the chief accounting officer now owns 248 shares in the company, valued at $52,357.76. This trade represents a 47.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dave Howson sold 11,036 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $206.01, for a total value of $2,273,526.36. Following the transaction, the executive vice president now owns 8,025 shares in the company, valued at $1,653,230.25. The trade was a 57.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,544 shares of company stock valued at $2,380,529. Insiders own 0.22% of the company's stock.

Institutional Trading of Cboe Global Markets

Institutional investors have recently modified their holdings of the business. Greenline Partners LLC purchased a new position in Cboe Global Markets in the fourth quarter valued at about $29,000. Lee Danner & Bass Inc. purchased a new stake in shares of Cboe Global Markets in the 4th quarter worth about $29,000. Kestra Investment Management LLC purchased a new stake in shares of Cboe Global Markets in the fourth quarter valued at about $31,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Cboe Global Markets in the fourth quarter valued at approximately $36,000. Finally, Generali Asset Management SPA SGR purchased a new position in shares of Cboe Global Markets during the 4th quarter worth approximately $37,000. 82.67% of the stock is currently owned by hedge funds and other institutional investors.

About Cboe Global Markets

Cboe Global Markets, Inc is one of the largest stock exchange operators by volume in the United States and a leading market globally for ETP trading. Cboe offers trading across a diverse range of products in multiple asset classes and geographies, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX) and multi-asset volatility products based on the VIX Index.