Catherine R. Clay Sells 3,598 Shares of Cboe Global Markets, Inc. (NASDAQ:CBOE) Stock

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report) EVP Catherine R. Clay sold 3,598 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $226.58, for a total value of $815,234.84. Following the transaction, the executive vice president now directly owns 2,183 shares in the company, valued at approximately $494,624.14. This represents a 62.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Cboe Global Markets Price Performance

CBOE stock traded up $1.88 during trading on Friday, hitting $229.12. The stock had a trading volume of 1,170,065 shares, compared to its average volume of 899,290. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. Cboe Global Markets, Inc. has a twelve month low of $166.13 and a twelve month high of $236.02. The stock has a market capitalization of $23.99 billion, a P/E ratio of 31.73, a PEG ratio of 1.75 and a beta of 0.44. The company's 50-day moving average price is $220.56 and its two-hundred day moving average price is $210.41.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last issued its earnings results on Friday, May 2nd. The company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.14. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%. The company's revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.15 EPS. As a group, research analysts predict that Cboe Global Markets, Inc. will post 8.96 EPS for the current fiscal year.

Cboe Global Markets Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, May 30th. Cboe Global Markets's dividend payout ratio is presently 33.03%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Clearstead Trust LLC purchased a new stake in Cboe Global Markets in the first quarter valued at approximately $26,000. NBC Securities Inc. acquired a new position in Cboe Global Markets in the first quarter valued at $27,000. Hughes Financial Services LLC acquired a new position in Cboe Global Markets in the first quarter valued at $29,000. Cornerstone Planning Group LLC boosted its stake in shares of Cboe Global Markets by 4,633.3% during the first quarter. Cornerstone Planning Group LLC now owns 142 shares of the company's stock worth $30,000 after buying an additional 139 shares during the period. Finally, Greenline Partners LLC acquired a new stake in shares of Cboe Global Markets during the fourth quarter worth about $29,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Piper Sandler increased their price objective on Cboe Global Markets from $234.00 to $245.00 and gave the stock an "overweight" rating in a research note on Monday, May 5th. Bank of America reiterated a "neutral" rating and set a $227.00 price objective (down previously from $260.00) on shares of Cboe Global Markets in a report on Thursday, April 10th. Cowen reissued a "hold" rating on shares of Cboe Global Markets in a research report on Monday, May 5th. Oppenheimer lifted their price objective on Cboe Global Markets from $237.00 to $249.00 and gave the company an "outperform" rating in a research note on Monday, May 5th. Finally, UBS Group lifted their price objective on Cboe Global Markets from $235.00 to $245.00 and gave the company a "neutral" rating in a research note on Monday, May 5th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $219.64.

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.