Cboe Global Markets, Inc. (BATS:CBOE) CFO Jill Griebenow Sells 1,622 Shares

Cboe Global Markets, Inc. (BATS:CBOE) CFO Jill Griebenow sold 1,622 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $213.33, for a total transaction of $346,021.26. Following the completion of the transaction, the chief financial officer now owns 8,844 shares in the company, valued at $1,886,690.52. The sale was disclosed in a filing with the SEC, which is available through this link.

Cboe Global Markets Stock Up 0.4 %

Shares of Cboe Global Markets stock opened at $211.51 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $22.43 billion, a P/E ratio of 109.03 and a beta of 0.61. The firm’s 50 day moving average price is $192.23 and its 200-day moving average price is $184.45. Cboe Global Markets, Inc. has a 52-week low of $103.82 and a 52-week high of $139.00.

Cboe Global Markets (BATS:CBOE) last released its quarterly earnings results on Friday, August 2nd. The company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.05. Cboe Global Markets had a net margin of 5.77% and a return on equity of 20.05%. The business had revenue of $513.80 million for the quarter, compared to analyst estimates of $514.51 million. During the same period in the previous year, the company earned $1.78 earnings per share. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, sell-side analysts predict that Cboe Global Markets, Inc. will post 6.41 EPS for the current fiscal year.

Cboe Global Markets Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.63 per share. This is a positive change from Cboe Global Markets’s previous quarterly dividend of $0.55. This represents a $2.52 annualized dividend and a yield of 1.19%. The ex-dividend date is Friday, August 30th. Cboe Global Markets’s dividend payout ratio is currently 98.97%.

Cboe Global Markets announced that its board has approved a share repurchase plan on Friday, August 16th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to purchase up to 2.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On Cboe Global Markets

Several institutional investors have recently added to or reduced their stakes in CBOE. Cim LLC increased its holdings in shares of Cboe Global Markets by 3.4% during the second quarter. Cim LLC now owns 5,998 shares of the company’s stock valued at $1,020,000 after acquiring an additional 200 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Cboe Global Markets during the 2nd quarter worth approximately $1,134,000. Truist Financial Corp increased its stake in Cboe Global Markets by 11.1% during the 2nd quarter. Truist Financial Corp now owns 25,625 shares of the company’s stock valued at $4,358,000 after purchasing an additional 2,550 shares in the last quarter. Regal Investment Advisors LLC increased its stake in Cboe Global Markets by 0.3% during the 2nd quarter. Regal Investment Advisors LLC now owns 22,274 shares of the company’s stock valued at $3,788,000 after purchasing an additional 56 shares in the last quarter. Finally, Wellington Wealth Strategies LLC. purchased a new position in shares of Cboe Global Markets in the second quarter worth $261,000. Institutional investors and hedge funds own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CBOE. Keefe, Bruyette & Woods boosted their price target on Cboe Global Markets from $197.00 to $198.00 and gave the company a “market perform” rating in a report on Monday, August 5th. Piper Sandler reissued an “overweight” rating and set a $210.00 price target (up previously from $203.00) on shares of Cboe Global Markets in a research report on Monday, August 5th. Oppenheimer lifted their price objective on Cboe Global Markets from $199.00 to $209.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Barclays upped their price objective on shares of Cboe Global Markets from $194.00 to $218.00 and gave the stock an “overweight” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Cboe Global Markets from $186.00 to $205.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $199.64.

About Cboe Global Markets

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.