Insider Selling: Cboe Global Markets, Inc. (BATS:CBOE) EVP Sells $466,675.00 in Stock

Cboe Global Markets, Inc. (BATS:CBOE) EVP Dave Howson sold 2,500 shares of Cboe Global Markets stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $186.67, for a total value of $466,675.00. Following the sale, the executive vice president now directly owns 15,073 shares in the company, valued at approximately $2,813,676.91. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Cboe Global Markets Stock Performance

Shares of BATS CBOE opened at $186.78 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 stock has a market capitalization of $19.81 billion, a price-to-earnings ratio of 96.28 and a beta of 0.61. The stock’s fifty day simple moving average is $175.05 and its 200 day simple moving average is $180.50. 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 issued its earnings results on Friday, May 3rd. The company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.04 by $0.11. The business had revenue of $502.10 million for the quarter, compared to analysts’ expectations of $504.80 million. Cboe Global Markets had a return on equity of 20.05% and a net margin of 5.77%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.90 EPS. As a group, sell-side analysts forecast that Cboe Global Markets, Inc. will post 6.41 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were issued a dividend of $0.55 per share. The ex-dividend date was Friday, May 31st. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.18%. Cboe Global Markets’s dividend payout ratio is 98.97%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Skylands Capital LLC grew its holdings in shares of Cboe Global Markets by 2.9% during the second quarter. Skylands Capital LLC now owns 17,500 shares of the company’s stock valued at $2,976,000 after buying an additional 500 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Cboe Global Markets by 7.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 411,845 shares of the company’s stock valued at $70,038,000 after buying an additional 29,168 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Cboe Global Markets by 5.9% during the second quarter. State of Michigan Retirement System now owns 30,603 shares of the company’s stock valued at $5,204,000 after buying an additional 1,700 shares in the last quarter. Liontrust Investment Partners LLP grew its holdings in shares of Cboe Global Markets by 23.0% during the second quarter. Liontrust Investment Partners LLP now owns 106,286 shares of the company’s stock valued at $18,075,000 after buying an additional 19,844 shares in the last quarter. Finally, Access Financial Services Inc. purchased a new position in shares of Cboe Global Markets during the second quarter valued at $1,290,000. Hedge funds and other institutional investors own 81.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CBOE shares. Bank of America lifted their target price on Cboe Global Markets from $200.00 to $204.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Rosenblatt Securities boosted their price objective on Cboe Global Markets from $200.00 to $205.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Morgan Stanley reissued an “equal weight” rating and issued a $199.00 price objective (down previously from $211.00) on shares of Cboe Global Markets in a research note on Tuesday, April 9th. Oppenheimer reissued an “outperform” rating and issued a $206.00 price objective on shares of Cboe Global Markets in a research note on Monday, May 6th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $197.00 price objective on shares of Cboe Global Markets in a research note on Thursday, April 4th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $189.09.

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.