Cboe Global Markets Inc (CBOE:CBOE) Director Michael Richter sold 2,600 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $120.50, for a total value of $313,300.00. Following the completion of the sale, the director now owns 21,925 shares in the company, valued at approximately $2,641,962.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
CBOE CBOE traded up $0.11 during trading hours on Wednesday, hitting $119.15. 649,851 shares of the company were exchanged, compared to its average volume of 747,336. The company has a 50 day moving average of $117.02 and a two-hundred day moving average of $106.91. Cboe Global Markets Inc has a 52-week low of $87.87 and a 52-week high of $115.11.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, August 29th. This represents a $1.44 annualized dividend and a dividend yield of 1.21%.
CBOE has been the topic of several research analyst reports. Barclays set a $106.00 price objective on Cboe Global Markets and gave the company a “hold” rating in a report on Monday, August 5th. Bank of America boosted their price objective on Cboe Global Markets from $105.00 to $110.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Wells Fargo & Co reiterated an “outperform” rating and issued a $120.00 price objective (up previously from $112.00) on shares of Cboe Global Markets in a report on Friday, July 5th. Finally, Raymond James downgraded Cboe Global Markets from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $111.90.
Large investors have recently added to or reduced their stakes in the company. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Cboe Global Markets by 49.1% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 30,387 shares of the financial services provider’s stock valued at $3,149,000 after purchasing an additional 10,000 shares during the period. IFM Investors Pty Ltd boosted its position in shares of Cboe Global Markets by 27.3% in the 2nd quarter. IFM Investors Pty Ltd now owns 8,217 shares of the financial services provider’s stock valued at $852,000 after purchasing an additional 1,760 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of Cboe Global Markets by 2.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 11,934 shares of the financial services provider’s stock valued at $1,237,000 after purchasing an additional 287 shares during the period. AdvisorNet Financial Inc acquired a new stake in shares of Cboe Global Markets in the 2nd quarter valued at about $829,000. Finally, 6 Meridian boosted its position in shares of Cboe Global Markets by 1.9% in the 2nd quarter. 6 Meridian now owns 5,196 shares of the financial services provider’s stock valued at $538,000 after purchasing an additional 99 shares during the period. 81.98% of the stock is owned by institutional investors and hedge funds.
About Cboe Global Markets
Cboe Global Markets, Inc engages in the provision of trading and investment solutions to investors. It operates through the following business segments: Options, U.S. Equities, Futures, European Equities, and Global FX. The Options segment includes options exchange business, which lists for trading options on market indexes (index options), as well as on non-exclusive multiply-listed options.
Further Reading: Cost of Equity For A Business, Investors
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