Cboe Global Markets (NASDAQ:CBOE) Stock Price Down 4.8% - Should You Sell?

Key Points

• CBOE shares fell about 4.8% intraday to roughly $284.88 from a $299.20 close, with volume of ~627,666 shares (about 30% below the average daily volume).
• The company posted a quarterly beat—EPS $3.06 vs. $2.95 expected—and revenue rose ~28% year‑over‑year, with strong profitability metrics (ROE 22.02%, net margin 18.64%).
• Analysts are mixed: MarketBeat shows a consensus "Hold" with a $279 target (ratings range from Strong Buy to Sell), while insiders have recently sold shares and institutional ownership is high (~82.7%).

Cboe Global Markets, Inc. (NASDAQ:CBOE - Get Free Report)'s share price dropped 4.8% during mid-day trading on Tuesday . The stock traded as low as $279.05 and last traded at $284.8840. Approximately 627,666 shares changed hands during trading, a decline of 30% from the average daily volume of 896,476 shares. The stock had previously closed at $299.20.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CBOE shares. Loop Capital set a $317.00 price objective on shares of Cboe Global Markets in a research note on Monday, February 9th. Piper Sandler boosted their target price on shares of Cboe Global Markets from $290.00 to $295.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 14th. Royal Bank Of Canada reiterated a "sector perform" rating and set a $303.00 price target on shares of Cboe Global Markets in a report on Monday, February 9th. UBS Group reiterated a "neutral" rating and issued a $290.00 price target on shares of Cboe Global Markets in a research note on Monday, February 9th. Finally, Morgan Stanley raised their price objective on Cboe Global Markets from $221.00 to $240.00 and gave the company an "underweight" rating in a report on Monday, December 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Cboe Global Markets currently has a consensus rating of "Hold" and a consensus target price of $279.00.

Cboe Global Markets Trading Down 4.2%

The company has a debt-to-equity ratio of 0.34, a current ratio of 1.78 and a quick ratio of 1.39. The company has a market cap of $29.99 billion, a price-to-earnings ratio of 39.59, a price-to-earnings-growth ratio of 1.75 and a beta of 0.33. The business's fifty day moving average price is $274.80 and its 200 day moving average price is $255.83.

Cboe Global Markets (NASDAQ:CBOE - Get Free Report) last posted its quarterly earnings data on Friday, February 6th. The company reported $3.06 earnings per share for the quarter, beating analysts' consensus estimates of $2.95 by $0.11. Cboe Global Markets had a return on equity of 22.02% and a net margin of 18.64%.The firm's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.10 earnings per share. Research analysts anticipate that Cboe Global Markets, Inc. will post 8.96 earnings per share for the current fiscal year.

Cboe Global Markets Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a $0.72 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.88 annualized dividend and a dividend yield of 1.0%. Cboe Global Markets's dividend payout ratio is presently 27.64%.

Insider Buying and Selling

In related news, CAO Allen Wilkinson sold 248 shares of Cboe Global Markets stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $292.79, for a total value of $72,611.92. Following the transaction, the chief accounting officer directly owned 410 shares of the company's stock, valued at $120,043.90. The trade was a 37.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander Matturri, Jr. sold 1,500 shares of the company's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $285.36, for a total value of $428,040.00. Following the completion of the sale, the director owned 4,761 shares in the company, valued at $1,358,598.96. The trade was a 23.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,695 shares of company stock valued at $1,628,981 over the last ninety days. 0.22% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cboe Global Markets

Several large investors have recently modified their holdings of CBOE. Norges Bank acquired a new position in Cboe Global Markets in the fourth quarter valued at $354,578,000. First Trust Advisors LP grew its holdings in Cboe Global Markets by 215.2% during the 3rd quarter. First Trust Advisors LP now owns 1,451,743 shares of the company's stock worth $356,040,000 after acquiring an additional 991,209 shares during the period. Balyasny Asset Management L.P. grew its holdings in Cboe Global Markets by 1,340.0% during the 3rd quarter. Balyasny Asset Management L.P. now owns 749,658 shares of the company's stock worth $183,854,000 after acquiring an additional 697,600 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Cboe Global Markets by 2,425.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 661,391 shares of the company's stock worth $166,009,000 after acquiring an additional 635,199 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Cboe Global Markets in the 3rd quarter valued at about $107,052,000. 82.67% of the stock is currently owned by institutional investors and hedge funds.

Cboe Global Markets Company Profile

Cboe Global Markets NASDAQ: CBOE is a global market infrastructure company that operates a family of exchanges and trading venues across listed derivatives, cash equities and foreign exchange. Its product suite includes options and futures markets, multiple U.S. equities exchanges, a derivatives exchange for volatility and other products, proprietary benchmark indexes (notably the Cboe Volatility Index, or VIX), market data and analytics, and trading technology and connectivity services. Cboe also provides market-access and order-routing tools used by broker-dealers, institutional investors and professional traders.

The company traces its roots to the Chicago Board Options Exchange, which was established in 1973 to create a centralized market for listed options; over the years the business expanded through organic growth and strategic acquisitions to become a multi-asset, multi-venue operator.

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