Cboe Global Markets Executive Vice President Sells Shares

On February 20th, Adam Inzirillo, the Executive Vice President of Cboe Global Markets, Inc. (NASDAQ:CBOE), sold 200 shares of the company’s stock. The shares were sold at an average price of $209.67, resulting in a total transaction value of $41,934. Following this sale, Inzirillo's remaining stockholding is now 1,993 shares, which is valued at approximately $417,872.31. This sale reflects a 9.12% decrease in his position.

The transaction was reported in a filing with the Securities and Exchange Commission (SEC), allowing for public access.

Recently, Inzirillo also engaged in another transaction, where on February 10th, he sold 80 shares of Cboe Global Markets stock. These shares were sold at an average price of $211.66, totaling $16,932.80.

Cboe Global Markets Stock Performance

During mid-day trading on February 21st, CBOE stock experienced a rise of $2.02, reaching $210.93 per share. The trading volume was 811,852 shares, compared to the average volume of 746,769 shares. Currently, the 50-day moving average for the stock is $199.77. Cboe Global Markets has a market capitalization of $22.08 billion and a price-to-earnings (P/E) ratio of 29.21, along with a P/E growth (P/E/G) ratio of 1.76 and a beta value of 0.68. In the past year, the stock has seen a low of $166.13 and a high of $221.66, while maintaining a debt-to-equity ratio of 0.34 and a quick ratio of 1.39.

Cboe Global Markets released its latest earnings report on February 7th, announcing earnings of $2.10 per share. This figure fell short of analysts' expectations of $2.14 by $0.04. The company recorded a net margin of 18.64% and a return on equity of 22.02%. In the same quarter of the previous year, their earnings were $2.06 per share. Analysts have projected an EPS of 8.96 for the current year.

Cboe Global Markets Dividend Announcement

The company has also confirmed a quarterly dividend payment scheduled for March 14th. Shareholders on record as of February 28th will receive a dividend of $0.63. The ex-dividend date for this payment is also on February 28th, marking an annualized dividend of $2.52, which yields approximately 1.19%. Currently, Cboe Global Markets has a payout ratio of 34.90%.

Analyst Ratings Updates

Recent evaluations from research analysts on CBOE shares have contributed to varying price targets. Keefe, Bruyette & Woods downgraded their price target from $220.00 to $215.00 while assigning a "market perform" rating. Oppenheimer lowered their price target from $232.00 to $218.00 and maintained an "outperform" rating. Meanwhile, StockNews.com has upgraded the rating from "sell" to "hold." The Goldman Sachs Group decreased their rating from "neutral" to "sell" with a price target of $184.00. However, Bank of America increased their price objective from $245.00 to $251.00, giving a "buy" rating. Out of the analysts, two rated the stock as a sell, five as a hold, and two as a buy, resulting in an average rating of "Hold" with a consensus target price of $206.86.

Institutional Trading Activity in Cboe Global Markets

Institutional investors have actively traded Cboe Global Markets shares lately. New York Life Investment Management LLC lifted its stake by 0.3% in the fourth quarter, acquiring an additional 48 shares for a total of 15,531 shares worth $3,035,000. Summit Financial LLC increased their holdings by 0.4%, totaling 10,908 shares valued at $2,131,000. Exencial Wealth Advisors LLC raised their position by 1.1%, now owning 4,570 shares worth $893,000. Additionally, Inspire Advisors LLC boosted their holdings by 1.6%, bringing their total to 3,127 shares valued at $611,000, while Pinnacle Financial Partners Inc increased their position by 5.2%, owning 1,196 shares valued at $234,000. Currently, institutional investors hold approximately 82.67% of the company’s stock.

About Cboe Global Markets

Cboe Global Markets, Inc. is recognized as one of the largest stock exchange operators in the United States by trading volume and is a prominent global player in ETP trading. The company offers trading services across various products and asset classes, including options, futures, U.S. and European equities, exchange-traded products (ETPs), global foreign exchange (FX), and multi-asset volatility products that are based on the VIX Index.

Cboe, Stocks, Selling, Transaction, Dividends, Performance